PART 3Administration and enforcement

CHAPTER 5Disciplinary measures

Financial penalties15.

If the FCA considers that—

(a)

a non-authorised counterparty has contravened—

(i)

an SFTR requirement; or

(ii)

a requirement imposed by or under this Part;

(b)

a person has contravened a requirement imposed under regulation 5 for the purpose of determining whether the person is subject to an SFTR requirement; or

(c)

an authorised person has contravened a requirement imposed by regulation 11(4),

the FCA may impose a penalty of such amount as it considers appropriate on the non-authorised counterparty or person.