s 123 Power to impose penalties or issue censure
(1) The FCA may exercise its power under subsection (2) if it is satisfied that— (a) a person has contravened Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation; (b) a person has contravened, or been knowingly concerned in the contravention of— (i) a provision of the market abuse regulation other than Article 14 or 15 of that regulation; or (ii) a provision of any supplementary market abuse legislation ; or (c) a person other than an authorised person has contravened any requirement— (i) imposed on that person under section 122A, 122B, 122C, 122G, 122H, 122HA, 122I, 122IA, 123A or 123B; or (ii) relating to the market abuse regulation or any supplementary market abuse legislation imposed on that person under Part 11. (2) The FCA’s power under this subsection is a power to impose a penalty of such amount as it considers appropriate on the person. (3) The FCA may, instead of imposing a penalty on a person, publish a statement censuring the person.