Part 1: Regulatory Framework Designated activities regime Section 8: Designated activities New section 71Q: Designated activities: enforcement
This section enables designated activities regulations to make regulations concerning enforcement of designated activities regulations and rules. This will allow HM Treasury to create an enforcement framework for each designated activity.
	Subsection (2) gives a non-exhaustive list of examples of the types of enforcement provision which can be made through designated activities regulations, such as monetary penalties or powers of censure.
	Subsection (3) states HM Treasury may create such enforcement frameworks for designated activities by applying existing provisions of FSMA 2000, with or without amendments. For example, instead of creating a new investigation power for the FCA, designated activities regulations could apply the relevant parts of FSMA 2000 which govern the FCA’s current information gathering powers.
	This subsection also enables designated activities regulations to apply, with or without amendments provisions in FSMA 2000 which create criminal offences.
	Subsection (4) clarifies that HM Treasury’s power to apply provisions in FSMA 2000 under this section includes the power to amend, or repeal such provisions.