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Schedule 10, Part 1, Chapter 2A, paragraph 309W(6)

FSMA 2023

When imposing, or deciding whether to impose, a penalty on a person under section 309U, the appropriate regulator must have regard to any statement of policy published under this section (which was in force at a time when the person performed a designated senior management function without approval).

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