Section 88A(2)

If the FCA is entitled to take action under this section against a sponsor, it may do one or more of the following— impose a penalty on the sponsor of such amount as it considers appropriate; suspend, for such period as it considers appropriate, the sponsor's approval; impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the performance of services to which the sponsor's approval relates as it considers appropriate; publish a statement to the effect that the sponsor has contravened a requirement or restriction imposed on the sponsor by rules made as a result of section 88(3)(c) or (e).

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