(1) If the Bank of England considers that a contravention by a recognised CSD of a relevant requirement occurred with the consent or connivance of, or was attributable to any neglect on the part of, a member of the management body or other person who effectively controls the business of the recognised CSD, the Bank of England may do one or both of the following -
(a) publish a statement to that effect;
(b) impose on that person a penalty, in respect of the contravention, of such amount as it considers appropriate.
(2) If the Bank of England considers that a member of the management body or other person who effectively controls the business of a recognised CSD is responsible for a contravention by the central securities depository of a relevant requirement, 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 contravention, of such amount as it considers appropriate;
(c) prohibit that person from holding
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