(1) The FCA must prepare and issue a statement of its policy with respect to -
(a) the imposition of penalties, suspensions or restrictions under section 89Q,
(b) the amount of penalties under that section,
(c) the period for which suspensions or restrictions under that section are to have effect, and
(d) the matters in relation to which suspensions or restrictions under that section are to have effect.
(2) The FCA's policy in determining what the amount of a penalty should be, or what the period for which a suspension or restriction is to have effect should be, must include having regard to -
(a) the seriousness of the contravention in question in relation to the nature of the requirement concerned,
(b) the extent to which that contravention was deliberate or reckless, and
(c) whether the provider concerned is an individual.
(3) The FCA may at any time alter or replace a statement issued under this section.
(4) If a statement issued under this section is altered or replaced, the FCA m
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