Financial Services and Markets Act 2000 Explanatory Notes

Commentary on Sections

Schedule 7: the Authority as Competent Authority for Part Vi

Paragraphs 6 and 7: Penalties and fees

816.This paragraph disapplies provisions of Schedule 1 which would otherwise apply to the imposition of penalties by the competent authority, because these matters are provided for separately in section 100.  Similar provision is also made, in paragraph 17 of Schedule 1, in relation to the charging of fees for which separate provision for the competent authority is made in section 99.

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