5. PENALTIES
5.1 Revocation of Licence
The AFSA may withdraw a Representative Office's Licence in the event that any of the provisions of the Framework Regulation or REP are breached by the Representative Office.
5.2 Fines
The AFSA may fine a Representative Office in the event that any of the provisions of the Framework Regulations or REP are breached by the Representative Office such amount as the AFSA considers appropriate in respect of the contravention.