Financial penaltiesU.K.
This section has no associated Explanatory Memorandum
15. 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.