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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 8 June 2010 - onwards
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10. Removal of restriction on imposing a penalty and cancelling authorisation

In section 206 of the Financial Services and Markets Act 2000 (financial penalties), omit subsection (2) (which prevents the FSA from imposing a penalty under that section as well as withdrawing a person's authorisation under section 33).

Comparing proposed amendment...