Part XIV

Disciplinary Measures

Financial penalties
206
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.