Regulation 29 Financial penaltiesI1
United Kingdom
(1)
If the FCA considers that a trade repository has contravened a requirement imposed by or under this Part, the SFT regulation or the TRATP Regulations, it may impose a penalty of such amount as it considers appropriate on the trade repository.
(2)
A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.
Annotations
Commencement
- I1
Reg. 29 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1
Notes on Chapter 2
Modifications
- C1
Pt. 4 Ch. 2 applied (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 28(a)