The FCA may exercise its power under subsection (2) if it is satisfied that—
a person has contravened Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation;
a person has contravened, or been knowingly concerned in the contravention of—
a provision of the market abuse regulation other than Article 14 or 15 of that regulation; or
a provision of any supplementary market abuse legislation; or
a person other than an authorised person has contravened any requirement—
imposed on that person under section 122A, 122B, 122C, 122G, 122H, 122HA, 122I, 122IA, 123A or 123B; or
relating to the market abuse regulation or any supplementary market abuse legislation imposed on that person under Part 11.
The FCA's power under this subsection is a power to impose a penalty of such amount as it considers appropriate on the person.
The FCA may, instead of imposing a penalty on a person, publish a statement censuring the person.