Regulation 16 Monitoring and enforcementI1
United Kingdom
(1)
The FCA must maintain arrangements designed to enable it to determine whether—
(a)
designated banks and designated finance platforms are complying with any relevant requirements applicable to them;
(b)
there has been a contravention of regulation 31 (misleading the FCA).
(2)
The FCA must also maintain arrangements designed to enable it to enforce relevant requirements.