PART 2The FCA

Penalties6.

Paragraphs 19 to 22 (penalties) of Schedule 1ZA to the 2000 Act7 apply with respect to the discharge of the FCA’s functions under these Regulations with the following modifications—

(a)

the reference to the 2000 Act in each of paragraphs 19, 20(2), 20(3)(b), 20(5)(a), 20(8)(a), 21(1) includes a reference to these Regulations, and

(b)

the FCA’s enforcement powers referred to in paragraph 20(4) include—

(i)

its powers under regulations 15 to 19 (public censure, statement of misconduct etc), and

(ii)

its powers with respect to the investigation or prosecution of offences under regulation 20 (misleading the FCA).