The Treasury may make regulations to enable the Financial Conduct Authority, where it is the relevant regulator, to take action for monitoring and enforcing compliance with the restrictions imposed on regulated persons by section 56.
The regulations may apply, or make provision corresponding to, any of the provisions of the Financial Services and Markets Act 2000 with or without modification.
Those provisions include in particular—
provisions as to investigations, including powers of entry and search and criminal offences;
provisions for the grant of an injunction in relation to a contravention or anticipated contravention;
provisions giving Ministers or the Financial Conduct Authority powers to make subordinate legislation;
provisions for the Financial Conduct Authority to charge fees.
The regulations may make provision corresponding to the provision that may be made by virtue of section 57(7) to (9) (but as if the reference to the Lord Chancellor were a reference to the Treasury).
The power to make regulations under this section is subject to section 57(5) and (6).