# The Small and Medium Sized Business (Finance Platforms) Regulations 2015, Regulation 16: Monitoring and enforcement

Extent: E+W+S+N.I.

(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.

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Source: https://www.legislation.gov.uk/uksi/2015/1946/regulation/16 (the official version)
Page: https://openlegislation.uk/small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.