In Part 14 of the Financial Services and Markets Act 2000 (disciplinary measures), after section 206 insert -
"206A Suspending permission to carry on regulated activities etc
(1) If the Authority considers that an authorised person has contravened a relevant requirement imposed on the person, it may -
(a) suspend, for such period as it considers appropriate, any permission which the person has to carry on a regulated activity; or
(b) impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the carrying on of a regulated activity by the person as it considers appropriate.
(2) In subsection (1) -
"permission" means any permission that the authorised person has, whether given (or treated as given) by the Authority or conferred by any provision of this Act;
"relevant requirement" means a requirement imposed -
(a) by or under this Act; or
(b) by any directly applicable Community regulation made under the markets in financial instruments di
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