The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 1 U.K. Administration and enforcement of Parts 3, 4, and 5

PART 3 U.K. Administrative sanctions and offences

Administrative sanctions U.K.

Financial penalties U.K.

11.—(1) If the appropriate regulator considers that a person (“P”) has contravened a requirement imposed by or under these Regulations or by Article 28 of the markets in financial instruments regulation, it may impose a penalty of such amount as it considers appropriate on—

(a) P;

(b) a member of the management body of P if the appropriate regulator considers the person is responsible for the contravention;

(c) another member of the senior management of P if the appropriate regulator considers the person is responsible for the contravention.

(2) A penalty imposed under this paragraph is payable to the regulator that imposed the penalty and may be recovered as a debt owed to that regulator.