[192K Power to impose penalty or issue censure]
[192K Power to impose penalty or issue censure]

[(1)     This section applies if a regulator is satisfied that a person who is or has been a qualifying parent undertaking (“P”) has contravened—

(a)     a requirement of a direction given to P by that regulator under section 192C, . . .

(b)     a provision of rules made by that regulator under section 192J [or 192JB][, or

(c)     a requirement imposed by a [qualifying provision] specified, or of a description specified, for the purposes of this subsection by the Treasury by order].

[(1A)     This section also applies if a regulator is satisfied that a person (“P”) who is or has been a parent undertaking of a ring-fenced body has contravened a provision of rules made

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