| 96. | Executive Counsel, the Enforcement Committee and the Tribunal may impose the following Sanctions: |
| (a) | a notice requiring the Respondent to cease or abstain from repetition of the conduct giving rise to the breach of Relevant Requirement |
| (b) | publish a statement (which may take the form of a reprimand or severe reprimand) to the effect that the Respondent is required to cease or abstain from repetition of the conduct giving rise to the breach of Relevant Requirements; |
| (c) | order the Respondent to take action to mitigate the effect or prevent the recurrence of the breach of Relevant Requirement; |
| (d) | temporary prohibition, of up to three years' duration, banning the Respondent from carrying out Statutory Audits and/or signing audit reports; |
| (e) | permanent prohibition banning the Respondent from carrying out Statutory Audits and/or signing audit reports; |
| (f) | a declaration that the Statutory Audit Report does not satisfy the Relevant Requirements; |
| (g) | in a case where an audit report does not satisfy the Relevant Requirements, order that the Respondent waives or repays client fees paid or payable to the Respondent in connection with the carrying out of the statutory audit. |
| (h) | temporary prohibition of up to 3 years' duration banning the Respondent from being a member of the management body of a firm that is eligible for appointment as a statutory auditor; |
| (i) | temporary prohibition of up to 3 years' duration banning the Respondent from acting as a director of or being otherwise concerned in the management of a public interest entity; |
| (j) | a financial penalty; |
| (k) | conditions; |
| (l) | exclusion as a member of one or more Recognised Supervisory Bodies. |
| 97. | Executive Counsel or the Enforcement Committee may, as an alternative or in addition to imposing a Sanction, accept written undertakings from the Respondent. |
| 98. | Any Sanction imposed on a Respondent shall be published in accordance with the FRC's Publication Policy and have effect at expiry of the appeal period or the conclusion of any appeal and may be entered on the Register at the direction of the Decision Maker. |
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