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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 21 July 2019 - onwards
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Regulation 99 Sanctions that may be imposed by Bank

Revoked from 21 July 2019

In the case of an adverse assessment, the Bank may impose on the assessee such of the following sanctions as are the specified sanctions -

(a) a private caution or reprimand,

(b) a public caution or reprimand,

(c) subject to Regulation 104(2), a direction to pay to the Bank a monetary penalty (but not exceeding €2,500,000 in any case),

(d) a direction disqualifying the assessee from being concerned in the management of, or having a qualifying holding in, any regulated financial service provider for such time as is specified in the order,

(e) if the assessee is continuing to commit a prescribed contravention, a direction ordering the assessee to cease committing the prescribed contravention,

(f) a direction to pay to the Bank all or a specified part of the costs incurred by the Bank in investigating the matter to which the assessment relates and in holding the assessment (including any costs incurred by authorised officers).

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