C3Part XIV Disciplinary Measures

Annotations:
Modifications etc. (not altering text)
C3

Pt. XIV (ss. 205-211) applied (1.12.2001) by 1951 c. 65, s. 57(5) (as substituted (1.12.2001) by S.I. 2001/3647, art. 5, Sch. 3 Pt. I para. 5(3))

C1C2206 Financial penalties.

1

If the Authority considers that an authorised person has contravened a requirement imposed on him by or under this Act, F1or by any directly applicable Community regulation made under the markets in financial instruments directive, it may impose on him a penalty, in respect of the contravention, of such amount as it considers appropriate.

2

The Authority may not in respect of any contravention both require a person to pay a penalty under this section and withdraw his authorisation under section 33.

3

A penalty under this section is payable to the Authority.