PART 6THE AUTHORITY
Supervision and enforcement
Financial penalties51.
(1)
The Authority may impose a penalty of such amount as it considers appropriate on—
(a)
an electronic money issuer who has contravened a requirement imposed on it by or under these Regulations; F1...
F2(aa)
an electronic money institution who has contravened a requirement imposed on it by or under section 312R of the 2000 Act; or
(b)
a person who has contravened regulation 63(1), 64(1) or 66(1) or (2).
(2)
A penalty under this regulation is a debt due from that person to the Authority, and is recoverable accordingly.