This section has no associated Explanatory Notes
12(1)Section 206 (financial penalties) is amended as follows.
(2)In subsection (1)—
(a)for “Authority” substitute “appropriate regulator”, and
(b)for the words from “a requirement” to “auctioning regulation” substitute “a relevant requirement imposed on the person,”.
(3)In subsection (3), for “Authority” substitute “regulator that imposed the penalty”.