(1) The competent authority shall publish, in accordance with paragraphs (2) to (5) details of the sanctions it imposes under regulation 5.

(2) The details published under paragraph (1) must include -

(a) information concerning the type of contravention and its nature;

(b) unless any of the circumstances mentioned in paragraph (3) applies, the identity of the person ("A") sanctioned under regulation 5; and

(c) where a sanction is subject to an appeal, information concerning the status and outcome of the appeal.

(3) The circumstances in which A's identity must not be published are -

(a) where A is an individual and the competent authority considers the publication of personal data would be disproportionate;

(b) where publication would jeopardise the stability of financial markets;

(c) where publication would jeopardise an ongoing criminal investigation; and

(d) where publication would cause disproportionate damage to any institution or individual involved.

(4) The competent authority shall ensure that -