In line with its statutory objectives of preserving and maintaining the good repute of the Financial Services Authority, the FSA is empowered to inter alia:
- issue a private warning;
- issue a public censure;
- disqualify a licensee from holding a licence;
- disqualify the officer of a licensee;
- impose an administrative penalty;
- revoke a licence;
- request for information and production of such records or documents by a licensee;
- hold on-site inspections to be carried out on the business premises of a licensee;
- appoint an administrator in relation to the whole or part of the business activities of a person whose licence has been suspended, revoked or otherwise terminated;
- apply to the Judge in Chambers or to any Court of Competent jurisdiction for Injunctive relief;