There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 9.
9(1)How requirements imposed by or under the FMI sandbox arrangements are to be enforced.
(2)Provision under sub-paragraph (1) may be made by—
(a)conferring powers on the appropriate regulator;
(b)applying provisions of FSMA 2000 in relation to enforcement;
(c)imposing other means of enforcement set out in the arrangements.
(3)The powers mentioned in sub-paragraph (2)(a) include powers to—
(a)suspend or terminate a person’s participation in the FMI sandbox arrangements;
(b)impose civil penalties.
Commencement Information
I1Sch. 4 para. 9 not in force at Royal Assent, see s. 86(3)
I2Sch. 4 para. 9 in force at 29.8.2023 by S.I. 2023/779, reg. 4(bbb)
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