Section 42(2)

The FCA’s policy in determining what the amount of a penalty should be must include having regard to— the seriousness of the contravention in question in relation to the nature of the requirement contravened, the extent to which that contravention was deliberate or reckless, and whether the person on whom the penalty is to be imposed is an individual.

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