Part 4

Regulation of approved regulators

Censure

Public censure
35
1
This section applies if the Board is satisfied—
a
that an act or omission of an approved regulator (or a series of such acts or omissions) has had, or is likely to have, an adverse impact on one or more of the regulatory objectives, and
b
that it is appropriate to act under this section in all the circumstances of the case (including in particular the impact of so acting on the other regulatory objectives).
2
The Board may publish a statement censuring the approved regulator for the act or omission (or series of acts or omissions).