Schedule 4: FMI sandboxes Paragraph 9 – Enforcement
Sub-paragraphs (1) to (3) are indicative of an enforcement regime that could be in place during the operation of an FMI sandbox. Provision could be made to allow regulators to draw on their existing enforcement powers and tailor them in accordance with a particular iteration of an FMI sandbox, to include, suspending or terminating a person’s participation within an FMI Sandbox and the imposition of civil penalties.