(1) Any obligation imposed under these regulations is to be treated as a relevant requirement under Part 14 of the 2000 Act (disciplinary measures).

(2) For the purposes of paragraph (1) the appropriate regulator for the purposes of Part 14 of the 2000 Act is -

(a) the Prudential Regulation Authority in relation to an institution;

(b) The Financial Conduct Authority in relation to a relevant FCA investment firm.