[F1312FFinancial penaltiesU.K.
[F2(1)]If the appropriate regulator considers that a recognised body [F3or data reporting service provider] has contravened a relevant requirement imposed on the body [F4or provider], it may impose on the body [F4or provider] a penalty, in respect of the contravention, of such amount as it considers appropriate.
F5(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
F1Pt. 18 Ch. 3B inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 33, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.
F2S. 312F renumbered as s. 312F(1) (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(28)(a) (with regs. 7(4), 9(1))
F3Words in s. 312F(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(6)(a), 86(3); S.I. 2023/779, reg. 4(g)
F4Words in s. 312F(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(6)(b), 86(3); S.I. 2023/779, reg. 4(g)
F5S. 312F(2) omitted (31.12.2020) by virtue of The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
Modifications etc. (not altering text)
C1Ss. 312E-312I restricted (1.4.2013) by The Financial Services Act 2012 (Transitional Provisions) (Enforcement) Order 2013 (S.I. 2013/441), arts. 1(1), 13
C2S. 312F applied (with modifications) (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), regs. 1(2), 13