Section 355B: Enforcement of requirements imposed by section 355A

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XXIV: Insolvency

For the purpose of enforcing a requirement imposed on a company by section 355A(2) or (3), the appropriate regulator may exercise any of the following powers (so far as it would not otherwise be exercisable)—

the power to publish a statement under section 205 (public censure);
the power to impose a financial penalty under section 206.

Accordingly, sections 205 and 206, and so much of this Act as relates to either of those sections, have effect in relation to a requirement imposed by section 355A(2) or (3) as if—

any reference to an authorised person included (so far as would not otherwise be the case) a reference to a company falling within any of paragraphs (a) to (d) of section 355A(1),
any reference to a relevant requirement included (so far as would not otherwise be the case) a reference to a requirement imposed by section 355A(2) or (3), and
"the appropriate regulator" had the same meaning as in section 355A.

In this section "the appropriate regulator" has the same meaning as in section 355A.

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