[(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 period as it considers appropriate, such limitations or
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