Part VIIIProvisions relating to market abuse
F1Administrative sanctions
F1123 Power to impose penalties or issue censure
(1)
The FCA may exercise its power under subsection (2) if it is satisfied that—
(a)
a person has contravened Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation;
(b)
a person has contravened, or been knowingly concerned in the contravention of—
(i)
a provision of the market abuse regulation other than Article 14 or 15 of that regulation; or
(ii)
a provision of F2any supplementary market abuse legislation; or
(c)
a person other than an authorised person has contravened any requirement—
(i)
(ii)
relating to the market abuse regulation or F5any supplementary market abuse legislation imposed on that person under Part 11.
(2)
The FCA’s power under this subsection is a power to impose a penalty of such amount as it considers appropriate on the person.
(3)
The FCA may, instead of imposing a penalty on a person, publish a statement censuring the person.