(1) In determining its policy with respect to the amount of penalties to be imposed by it under this Part, the competent authority must take no account of the expenses which it incurs, or expects to incur, in discharging its functions under this Part.
(2) The competent authority must prepare and operate a scheme for ensuring that the amounts paid to it by way of penalties imposed under this Part are applied for the benefit of issuers of securities admitted to the official list, and issuers who have requested or approved the admission of financial instruments to trading on a regulated market.
(3) The scheme may, in particular, make different provision with respect to different classes of issuer.
(4) Up to date details of the scheme must be set out in a document ("the scheme details").
(5) The scheme details must be published by the competent authority in the way appearing to it to be best calculated to bring them to the attention of the public.
(6) Before making the scheme, the com