Schedule 8: Cash access services Part 1 – New Part 8B of FSMA 2000 Supervision of designated persons Section 131Z: Disciplinary Measures
This section gives powers to enforce requirements imposed by or under this Part on designated persons. This is achieved by applying Part 14 of FSMA 2000 (disciplinary measures) as if reference to "authorised persons" includes a person who is designated for the purposes of this Part. This allows the FCA to issue public statements or impose financial penalties in response to contraventions of requirements such as rules or directions. Subsection (b) omits section 206A of FSMA 2000 which relates to suspending permission to carry on regulated activities.