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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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123. Power to impose penalties or issue censure

(1) The FCA may exercise its power under subsection (2) if it is satisfied that -

(a) a person has contravened Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation;

(b) a person has contravened, or been knowingly concerned in the contravention of -

(i) a provision of the market abuse regulation other than Article 14 or 15 of that regulation; or

(ii) a provision of any supplementary market abuse legislation; or

(c) a person other than an authorised person has contravened any requirement -

(i) imposed on that person under section 122A, 122B, 122C, 122G, 122H122HA, 122I, 122IA, 123A or 123B; or

(ii) relating to the market abuse regulation or any any supplementary market abuse legislation imposed on that person under Part 11.

(2) The FCA’s power under this subsection is a power to impose a penalty of such amount as it considers appropriate on the person.

(3) The FC

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