[(1) If the Bank of England considers that a contravention by a recognised CSD of a relevant requirement occurred with the consent or connivance of, or was attributable to any neglect on the part of, a member of the management body or other person who effectively controls the business of the recognised CSD, the Bank of England may do one or both of the following—
(a) publish a statement to that effect;
(b) impose on that person a penalty, in respect of the contravention, of such amount as it considers appropriate.
(2) If the Bank of England considers that a
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