[88A Disciplinary powers: contravention of s 88(3)(c) or (e)]

[88A  Disciplinary powers: contravention of s 88(3)(c) or (e)]

[(1)     The FCA may take action against a sponsor under this section if it considers that the sponsor has contravened a requirement or restriction imposed on the sponsor by rules made as a result of section 88(3)(c) or (e).

(2)     If the FCA is entitled to take action under this section against a sponsor, it may do one or more of the following—

(a)     impose a penalty on the sponsor of such amount as it considers appropriate;

(b)     suspend, for such period as it considers appropriate, the sponsor's approval;

(c)     impose, for such

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