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Financial Services Act 2010

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10(1)Section 69 (statement of policy) is amended as follows.U.K.

(2)In subsection (1), for paragraphs (a) and (b) substitute—

(a)the imposition of penalties, suspensions or restrictions under section 66;

(b)the amount of penalties under that section; and

(c)the period for which suspensions or restrictions under that section are to have effect.

(3)In subsection (2)—

(a)in the opening words, after “should be” insert “ , or what the period for which a suspension or restriction is to have effect should be, ”, and

(b)in paragraph (c), for “the person on whom the penalty is to be imposed” substitute “ the person against whom action is to be taken ”.

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