(1) This section applies if the PRA is satisfied that a company which is or has been a financial holding company or a mixed financial holding company ("the company") has contravened a requirement imposed by -
(b) a direction given to the company by the PRA under section 192T;
(c) [deleted]
(d) the capital requirements regulation or an instrument made under that regulation.
(2) The PRA may impose a penalty of such amount as it considers appropriate on -
(a) the company; or
(b) any person who was knowingly concerned in the contravention.
(3) The PRA may, instead of imposing a penalty on a person, publish a statement censuring the person.
(4) The PRA may not take action against a person under this section after the end of the limitation period unless, before the end of that period, it has given a warning notice to the person under section 192Z.
(5) "The limitation period" means the period of 3 years beginning with the first day on which the PRA
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