Section 23(5)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
No proceedings may be brought against a person in respect of an offence under subsection (1A) in a case where either regulator has taken action under section 205, 206 or 206A in relation to the alleged contravention within section 20(1) or (1A).
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Source: legislation.gov.uk · retrieved 2026-09-04