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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 30 January 2024 - onwards
  Version 11 of 11    

91. Penalties for breach of Part 6 rules

(1) If the FCA considers that-

(a) an issuer of listed securities, or

(b) an applicant for listing,

has contravened any provision of listing rules, it may impose on him a penalty of such amount as it considers appropriate.

(1ZA) [deleted]

(1A) [deleted]

(1B) If the FCA considers -

(a) that a person has contravened -

(i) a provision of qualifying transparency legislation, or

(ii) a provision of corporate governance rules, or

(b) that a person on whom a requirement has been imposed under section 89L (power to suspend or prohibit trading of securities in case of infringement of applicable transparency obligation), has contravened that requirement,

it may impose on the person a penalty of such amount as it considers appropriate.

(2)If, in the case of a contravention by a person referred to in subsection (1), or (1B)(a)(ii) or (b) ("P"), the FCA considers that another person who was at the material time a director of P was knowingly concerned in the contravention, it may impose upon him a p

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