EnforcementU.K.
This section has no associated Explanatory Notes
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)