ENF 11.1 Application and purpose

1. (1)

   This chapter applies to firms and approved persons.

2. (2)

   ENF 11.3 also applies to any person, whether regulated or not.

This chapter describes the FSA's general approach to the discipline of firms and approved persons. It describes the FSA's policy on private warnings, explains the criteria which the FSA will use in determining whether to take disciplinary action, and describes some particular aspects of enforcement policy on approved persons, the enforcement of the Principles, the FSA's approach where disciplinary action may also be taken by other authorities, and a particular aspect of enforcement policy relating to breaches of the money laundering rules. The FSA's approach to discipline when it is performing functions as the competent authority under Part VI of the Act is dealt with in ENF 21.1