(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, 122H, 122HA, 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.
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