Schedule 11, Part 6, paragraph 136(3)

If the Bank considers that a failure by a person to comply with a relevant requirement occurred with the consent or connivance of, or was attributable to any neglect on the part of, an officer of that person, it may do one or more of the following— publish a statement to that effect; impose on that officer 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 specified in the direction.

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