[22A Penalties]

[Financial penalties]

[22A Ìý±Ê±ð²Ô²¹±ô³Ù¾±±ð²õ±Õ

[(1)     Where the Authority is satisfied—

(a)     in the case of any company holding an appointment under Chapter 1 of this Part, that the company—

(i)     has contravened or is contravening any condition of the appointment;

(ii)     has caused or contributed to, or is causing or contributing to, a contravention by a [person] holding a licence under Chapter 1A of this Part of any condition of the licence; or

(iii)     has failed or is failing to achieve any standard of performance prescribed under section 38(2) or 95(2) below; or

(b)     in the case of any [person] holding a licence under Chapter 1A of this Part, that the [person]—

(i)     has contravened or is contravening any condition of the licence; . . .

(ii)     has caused or contributed to, or is causing or contributing to, a contravention by a company holding an appointment under Chapter 1 of this Part of any condition of the appointment, [or

(iii)     has failed or is failing to achieve any standard of performance prescribed under section 38ZA or 95ZA,]

the Authority may, subject to section 22C below, impose on [that company or that person] a penalty of such amount as

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