s 192Y Power to impose penalty or issue censure
(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— (a) this Part; (b) a direction given to the company by the PRA under section 192T; (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (ca) section 192XA rules; or (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 knew of the contravention. (6) For this purpose the PRA is to be treated as knowing of a contravention if it has information from which the contravention can reasonably be inferred.