Schedule 9: Wholesale cash distribution Part 1 – New Part 5A of the Banking Act 2009 Enforcement Section 206V: Management disqualification
This section enables the Bank to make an order to disqualify a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised person for either a specified period, until further notice, or permanently (see subsection (1)).
	Under subsection (2) it is an offence for a person to breach a prohibition issued in accordance with subsection (1). A fine may be imposed on a person found guilty of contravening an order issued under this section (see subsection (3)).