[309U Power to impose penalties]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[309U  Power to impose penalties]

[(1)     The appropriate regulator may impose a penalty on a person if it is satisfied that—

(a)     the person has at any time performed a designated senior management function without approval, and

(b)     at that time the person knew, or could reasonably be expected to have known, that they were performing a designated senior management function without approval.

(2)

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