PART 6Monitoring of compliance and enforcement

CHAPTER 4Disciplinary measures

Financial penalties29

1

The FCA may impose a penalty of such amount as it considers appropriate on—

a

a designated firm which it considers has contravened a relevant requirement; or

b

a person who it considers has contravened regulation 34 (misleading the FCA).

2

A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.