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11.—(1) If the FCA considers that a Miscellaneous BM person has contravened a relevant requirement, it may impose a penalty of such amount as it considers appropriate on—
(a)the Miscellaneous BM person;
(b)a member of the management body of the Miscellaneous BM person if the FCA considers the member is responsible for the contravention;
(c)another member of the senior management of the Miscellaneous BM person if the FCA considers the member is responsible for the contravention.
(2) A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.
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