There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 137.
137When determining the type of sanction, and level of any penalty, to be imposed on a person under paragraph 136, the Bank must take into account all relevant circumstances, including where appropriate—
(a)the gravity and the duration of the failure,
(b)the degree of responsibility of the person,
(c)the financial strength of the person,
(d)the amount of profits gained or losses avoided by the person,
(e)the losses for third parties caused by the failure,
(f)the level of co-operation of the person with the Bank,
(g)previous failures by the person, and
(h)any potential systemic consequences of the failure.
Commencement Information
I1Sch. 11 para. 137 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 137 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
