Schedule 1ZA, Part 3, paragraph 21(1)

The FCA must prepare and operate a scheme (“the financial penalty scheme”) for ensuring that the amounts that, as a result of the deduction for which paragraph 20(1) provides, are retained by the FCA in respect of amounts paid to it by way of penalties imposed under this Act are applied for the benefit of regulated persons.

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Source: legislation.gov.uk · retrieved 2026-09-04