The Enforcement Department will make recommendations to the Director General on the following:
- Withdrawing a firm’s or individual authorization and/or revocation of licence;
- Prohibiting individuals from carrying on regulated activities;
- Suspending firms and individuals from undertaking regulated activities;
- Issuing fines against firms and individuals who breach our rules;
- Making a public announcement (warning notices) when we begin disciplinary action and publishing details of warning, decision, and final notices on disciplinary actions;
- Recommending applications for court orders, when proper;
- Recommending criminal prosecutions, when appropriate, to tackle financial crime and issuing warnings and alerts about false claims to be FSC licensed/authorized, unauthorized firms and individuals and requesting that web hosts deactivate associated websites; and
- Developing a monetary fine regime.