[(1) If the [appropriate regulator] considers that an authorised person has contravened a relevant requirement imposed on the person, it may—
(a) suspend, for such period as it considers appropriate, any permission which the person has to carry on a regulated activity; or
(b) impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the carrying on of a regulated activity by the person as it considers appropriate.
[(1A) The power conferred by subsection (1) is also exercisable by the FCA if it considers that an
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