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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 6 July 2022 - onwards
  Version 2 of 2    

957D. Relevant circumstances to be considered in imposing relevant sanctions on relevant director

Repealed from 6 July 2022

(1) This section applies to a relevant director the subject of a decision under section 957B(2) that the director has engaged in conduct giving rise (whether in whole or in part) to a relevant contravention.

(2) In imposing a relevant sanction on a relevant director, the Director shall consider the following circumstances:

(a) the gravity and duration of the relevant contravention;

(b) the degree of responsibility of the relevant director;

(c) the financial strength of the relevant director (including the annual income of the director);

(d) the amount of profits gained or losses avoided by the relevant director in consequence of the contravention, in so far as they can be determined;

(e) the level of cooperation of the relevant director with the Supervisory Authority or Director, or both;

(f) previous impositions of relevant sanctions on the relevant director.

Comparing proposed amendment...