Regulation 26 Financial penaltiesI1
United Kingdom
(1)
The FCA may impose a penalty of such amount as it considers appropriate on—
(a)
a designated firm which it considers has contravened a relevant requirement; or
(b)
a person who it considers has contravened regulation 31 (misleading the FCA).
(2)
A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.