(1) If the Bank of England considers that a person has failed to comply with a relevant requirement imposed on the person, it may do one or more of the following -

(a) publish a statement to that effect;

(b) impose on that person a penalty, in respect of the failure, of such amount as it considers appropriate;

(c) with a view to ensuring that the failure ceases or is not repeated or the consequences of the failure are mitigated, direct that person to refrain from any conduct;

(d) prohibit that person from holding an office or position involving responsibility for taking decisions about the management of -

(i) a named bank,

(ii) a bank of a specified description, or

(iii) any bank.

(2) A prohibition under subsection (1)(d) may apply -

(a) for a specified period,

(b) until further notice, or

(c) permanently.