Financial penaltiesU.K.
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Memorandwm Esboniadol
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.