The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 No. 715

PART 3 U.K. Administration and enforcement

CHAPTER 5 U.K. Disciplinary measures

Public censure U.K.

14.  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 publish a statement to that effect.

Financial penalties U.K.

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.