Schedule 4, paragraph 9

How requirements imposed by or under the FMI sandbox arrangements are to be enforced. Provision under sub-paragraph (1) may be made by— conferring powers on the appropriate regulator; applying provisions of FSMA 2000 in relation to enforcement; imposing other means of enforcement set out in the arrangements. The powers mentioned in sub-paragraph (2)(a) include powers to— suspend or terminate a person’s participation in the FMI sandbox arrangements; impose civil penalties.

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