Each regulator must prepare and issue a statement of its policy with respect to—
Each regulator's policy with respect to the imposition of penalties, suspensions or restrictions under this Part must include policy with respect to their imposition in relation to conduct which constitutes or may constitute an offence by virtue of section 23(1A) (authorised persons carrying on credit-related regulated activities otherwise than in accordance with permission).
A regulator's policy in determining what the amount of a penalty should be , or what the period for which a suspension , prohibition or restriction is to have effect should be, must include having regard to—
A regulator may at any time alter or replace a statement issued by it under this section.
If a statement issued under this section is altered or replaced by a regulator, the regulator must issue the altered or replacement statement.
A regulator must, without delay, give the Treasury a copy of any statement which it publishes under this section.
A statement issued under this section by a regulator must be published by the regulator in the way appearing to the regulator to be best calculated to bring it to the attention of the public.
In exercising, or deciding whether to exercise, its power under section 206 , 206A or 206B in the case of any particular contravention, a regulator must have regard to any statement published by it under this section and in force at the time when the contravention in question occurred.
The regulator may charge a reasonable fee for providing a person with a copy of the statement.