SCHEDULE 4Financial penalties

Appeal

I1I28

1

An approved regulator on which a financial penalty is imposed under paragraph 2 may appeal to the Court of Session against the penalty on one or more of the appeal grounds.

2

On an appeal under this paragraph—

a

the Court may—

i

uphold, vary or quash the decision that is the subject of the appeal,

ii

make such further order as is necessary in the interests of justice,

b

the Court's determination is final.