[143W Disciplinary measures]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Disciplinary measures for non-authorised parent undertakings]

[143W  Disciplinary measures]

[(1)     This section applies if the FCA is satisfied that a non-authorised parent undertaking of an FCA investment firm has contravened—

(a)     a provision of Part 9C rules,

(b)     a requirement imposed under section 143K,

(c)     section 143R, or

(d)     section 143S(6).

(2)     The FCA may impose a penalty of such amount as it considers appropriate on any of the following—

(a)     the non-authorised parent undertaking;

(b)     a person who was knowingly concerned in the contravention.

(3)     The FCA may (instead of or in addition to imposing a penalty under

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