(1) This section applies if the FCA is satisfied that a non-authorised parent undertaking of an FCA investment firm has contravened -

(a) a provision of Part 9C rules,

(b) a requirement imposed under section 143K,

(c) section 143R, or

(d) section 143S(6).

(2) The FCA may impose a penalty of such amount as it considers appropriate on any of the following -

(a) the non-authorised parent undertaking;

(b) a person who was knowingly concerned in the contravention.

(3) The FCA may (instead of or in addition to imposing a penalty under subsection (2)) publish a statement to the effect that the person has contravened, or been knowingly concerned in a contravention of, a provision of Part 9C rules.

(4) Subsection (5) applies to -

(a) a member of the management body of the non-authorised parent undertaking, or