Schedule 1ZB, Part 3, paragraph 29(1)

The PRA 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 28(1) provides, are retained by the PRA in respect of amounts paid to it by way of penalties imposed under this Act are applied for the benefit of PRA-authorised persons.

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