Source: http://www.legislation.gov.uk/ukpga/2000/8/section/69
Timestamp: 2018-01-20 17:28:58
Document Index: 18735883

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3']

s. 66-70 amendment to earlier affecting provision SI 2009/209 Sch. 5 para. 1 by S.I. 2013/472 Sch. 2 para. 155(6)(a)
s. 66-70 amendment to earlier affecting provision SI 2011/99 Sch. 3 para. 1(a) by S.I. 2013/472 Sch. 2 para. 196(5)(a)
s. 66-70 amendment to earlier affecting provision SI 2012/3122 Sch. para. 1 by S.I. 2013/472 Sch. 2 para. 248(6)(a)
s. 69 applied by S.I. 2013/1635 reg. 29(1)
s. 69 applied by S.I. 2014/3085 reg. 28(1)
s. 69(1)(a) words substituted by 2013 c. 33 Sch. 3 para. 7(a)
s. 69(1)(b) word omitted by 2013 c. 33 Sch. 3 para. 7(b)
s. 69(1)(c) word substituted by 2013 c. 33 Sch. 3 para. 7(c)
(1)[F1Each regulator must] prepare and issue a statement of its policy with respect to—
[F2(a)the imposition of penalties, suspensions or restrictions under section 66;
(2)[F3A regulator's] policy in determining what the amount of a penalty should be [F4, or what the period for which a suspension or restriction is to have effect should be,] must include having regard to—
(c)whether [F5the person against whom action is to be taken] is an individual.
(3)[F6A regulator] may at any time alter or replace a statement issued [F7by it] under this section.
(4)If a statement issued under this section is altered or [F8replaced by a regulator, the regulator] must issue the altered or replacement statement.
(5)[F9A regulator] must, without delay, give the Treasury a copy of any statement which it publishes under this section.
(6)A statement issued under this section [F10by a regulator] must be published by [F11the regulator] in the way appearing to [F11the regulator] to be best calculated to bring it to the attention of the public.
(7)The [F12regulator] may charge a reasonable fee for providing a person with a copy of the statement.
(8)In exercising, or deciding whether to exercise, its power under section 66 in the case of any particular misconduct, [F13a regulator] must have regard to any statement of policy published [F14by it] under this section and in force at the time when the misconduct in question occurred.
F1Words in s. 69(1) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(2) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F2S. 69(1)(a)-(c) substituted (8.6.2010) for s. 69(1)(a)(b) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(2)(d)(e), Sch. 2 para. 10(2)
F3Words in s. 69(2) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F4Words in s. 69(2) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(2)(d)(e), Sch. 2 para. 10(3)(a)
F5Words in s. 69(2)(c) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(2)(d)(e), Sch. 2 para. 10(3)(b)
F6Words in s. 69(3) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(4)(a) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F7Words in s. 69(3) inserted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(4)(b) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F8Words in s. 69(4) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(5) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F9Words in s. 69(5) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(6) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F10Words in s. 69(6) inserted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(7)(a) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F11Words in s. 69(6) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(7)(b) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F12Word in s. 69(7) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(8) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F13Words in s. 69(8) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(9)(a) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
F14Words in s. 69(8) inserted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 5 para. 17(9)(b) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
C1Ss. 66-70 applied (with modifications) (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2)(c), 95, Sch. 5 para. 1 (with reg. 3)
C3S. 69 applied (with modifications) (7.6.2010) by The Credit Rating Agencies Regulations 2010 (S.I. 2010/906), reg. 22(1)
C4Ss. 66-70 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), regs. 1(2)(b), 62, Sch. 3 para. 1 (with art. 3)