Section 83ZR(1)

If the Bank of England considers that a person has failed to comply with a relevant requirement imposed on the person, it may do one or more of the following— publish a statement to that effect; impose on that person a penalty, in respect of the failure, of such amount as it considers appropriate; with a view to ensuring that the failure ceases or is not repeated or the consequences of the failure are mitigated, direct that person to refrain from any conduct; prohibit that person from holding an office or position involving responsibility for taking decisions about the management of— a named bank, a bank of a specified description, or any bank.

← 83ZR · All articles · 2 →

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