If the appropriate regulator considers that a recognised body or data reporting service provider has contravened a relevant requirement imposed on the body or provider, it may publish a statement to that effect.
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Where the FCA is the appropriate regulator, a requirement is a "relevant requirement" for the purposes of this Chapter if it is—
a requirement that is imposed by or under any provision of this Part that relates to a recognised investment exchange or data reporting service provider,
a requirement that is imposed under any other provision of this Act by the FCA that relates to a recognised investment exchange,
a requirement that is imposed by a qualifying provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order, or
a requirement that is imposed by this Act and whose contravention constitutes an offence that the FCA has power to prosecute under this Act (see section 401).
Where the Bank of England is the appropriate regulator, a requirement is a "relevant requirement" for the purposes of this Chapter if it is—
a requirement that is imposed by or under any provision of this Part that relates to a recognised clearing house , third country central counterparty or a recognised CSD,
a requirement that is imposed under any other provision of this Act by the Bank,
a requirement that is imposed by or under a qualifying provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order, or
a requirement that is imposed by this Act and whose contravention constitutes an offence that the Bank has power to prosecute under this Act (see section 401, as applied by paragraph 31 of Schedule 17A).
In this Chapter "data reporting service provider" has the meaning given by regulation 2 of the Data Reporting Services Regulations 2024.