33 Power to take disciplinary measures against recognised bodies
Financial Services Act 2012 (2012 c 21) | Legislation

33  Power to take disciplinary measures against recognised bodies

After section 312D of FSMA 2000 insert—

“Chapter 3B
Disciplinary Measures

312E Public censure

(1)     If the appropriate regulator considers that a recognised body has contravened a relevant requirement imposed on the body, it may publish a statement to that effect.

(2)     Where the FCA is the appropriate regulator, a requirement is a “relevant requirement” for the purposes of this Chapter if it is—

(a)     a requirement that is imposed by or under any provision of this Part that relates to a recognised investment exchange,

(b)     a requirement that is imposed under any other provision of this Act by the FCA that relates to a recognised investment exchange,

(c)     a requirement that is imposed by a qualifying EU provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order, or

(d)     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).

(3)     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)

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