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Financial Services and Markets Act 2000
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- UK Public General Acts
- 2000 c. 8
- Part XIV
- Section 206
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206Financial penalties
This section has no associated Explanatory Notes
(1)If the Authority considers that an authorised person has contravened a requirement imposed on him by or under this Act, it may impose on him a penalty, in respect of the contravention, of such amount as it considers appropriate.
(2)The Authority may not in respect of any contravention both require a person to pay a penalty under this section and withdraw his authorisation under section 33.
(3)A penalty under this section is payable to the Authority.
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