The Small and Medium Sized Business (Credit Information) Regulations 2015

Financial penaltiesU.K.

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29.—(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 34 (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.