(1) If the FCA considers that a self-regulatory organisation has failed to comply with -
(a) a supervision requirement,
(b) a requirement under regulation 7 (power to require information), regulation 12 (disclosure), or regulation 13 (report by a skilled person),
(c) a direction given under regulation 14, or
(d) a requirement under regulation 27 (costs of supervision),
the FCA may publish a statement censuring the self-regulatory organisation.
(2) The FCA may publish a statement censuring a self-regulatory organisation which, in purported compliance with a supervision requirement or a requirement imposed on the self-regulatory organisation by or under these Regulations, provides information to the FCA which is false or misleading in a material particular and -
(a) knows that the information is false or misleading, or
(b) is reckless as to whether the information is false or misleading.
(3) The FCA must not censure a self-regulatory organisation under this regulation for failure to comp
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