Schedule 11, Part 6, paragraph 136(1)

If the Bank 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 CCP, a CCP of a specified description, or any CCP.

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