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AI Summary of 129. Power of court to impose administrative sanctions in cases of market abuse
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129. Power of court to impose administrative sanctions in cases of market abuse
(1) The FCA may, on an application to the court under Part 25 which relates to the market abuse regulation, request the court to consider whether it is appropriate to impose one or more of the following on the person to whom the application relates -
(a) a penalty;
(b) if the person concerned is an individual, a temporary prohibition or a permanent prohibition; or
(c) a suspension or restriction.
(2) The court may, if it considers it appropriate, make an order which does one or more of the following -
(a) requires the person concerned to pay to the FCA a penalty of such amount as the court considers appropriate;
(b) if the person concerned is an individual, imposes a temporary prohibition or a permanent prohibition on that individual; or
(c) imposes a suspension or restriction on the person concerned.