Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2023-09-29.

Timeline guidance

Alternative versions

  1. Point in time
    2023-09-29

DEPP 6A.5 Collective investment schemes: the interaction between the power to revoke recognition and the power to issue public censures

DEPP 6A.5.1G

1Under sections 279, 281 and 282B of the Act, the FCA can revoke recognition of a scheme recognised under section 272 and/or issue the operator with a public censure. Following the approach in DEPP 6A.4.1G and DEPP 6A.4.2G(3), where the FCA considers it appropriate to impose both sanctions, it will decide whether the combined impact on the operator is likely to be disproportionate in respect to the breach and the deterrent effect of the sanctions.