C2C11C50Part I Occupational pensions
Pt. I applied (with modifications) (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 2
Pt. I: Pensions Act 2004 (c.35), Pt. 3 construed as one with Pt. I of this Act (4.12.2005 for specified purposes, 30.12.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 233, 322(1) (with s. 313); S.I. 2005/3331, art. 2(1)(a)(b), Sch. Pt. 1
Supervision by the Authority
C3C4C5C12C14C7C6C8C9C10I3C13C1C15C16C17C18C19C20C21C22C23C24C25C26C27C28C29C35C30C31C32C33C34C36C38C39C40C55C56C42C43C44C45C46C47C48C49C51C52C53C54C57C58C59C60C61C62C63C64C6510 Civil penalties.
I21
Where the Authority are satisfied that by reason of any act or omission this section applies to any person, they may by notice in writing require him to pay, within a prescribed period, a penalty in respect of that act or omission not exceeding the maximum amount.
I12
In this section “the maximum amount” means—
a
ÂŁ5,000 in the case of an individual and ÂŁ50,000 in any other case, or
b
such lower amount as may be prescribed in the case of an individual or in any other case,
and the Secretary of State may by order amend paragraph (a) by substituting higher amounts for the amounts for the time being specified in that paragraph.
I1C37C413
Regulations made by virtue of this Part may provide for any person who has contravened any provision of such regulations to pay, within a prescribed period, a penalty under this section not exceeding an amount specified in the regulations; and the regulations must specify different amounts in the case of individuals from those specified in other cases and any amount so specified may not exceed the amount for the time being specified in the case of individuals or, as the case may be, others in subsection (2)(a).
C37C414
An order made under subsection (2) or regulations made by virtue of subsection (3) do not affect the amount of any penalty recoverable under this section by reason of an act or omission occurring before the order or, as the case may be, regulations are made.
C37C415
Where—
a
apart from this subsection, a penalty under this section is recoverable from a body corporate or Scottish partnership by reason of any act or omission of the body or partnership F2... , and
b
the act or omission was done with the consent or connivance of, or is attributable to any neglect on the part of, any persons mentioned in subsection (6),
this section applies to each of those persons who consented to or connived in the act or omission or to whose neglect the act or omission was attributable.
C37C416
The persons referred to in subsection (5)(b)—
a
in relation to a body corporate, are—
i
any director, manager, secretary, or other similar officer of the body, or a person purporting to act in any such capacity, and
ii
where the affairs of a body corporate are managed by its members, any member in connection with his functions of management, and
b
in relation to a Scottish partnership, are the partners.
C37C417
Where the Authority requires any person to pay a penalty by virtue of subsection (5), they may not also require the body corporate, or Scottish partnership, in question to pay a penalty in respect of the same act or omission.
C37C418
A penalty under this section is recoverable by the Authority.
C37C41F18A
Any penalty recoverable under this section—
a
b
may be enforced as if it were an extract registered decree arbitral bearing a warrant for execution issued by the sheriff court of any sheriffdom in Scotland.
C37C419
The Authority must pay to the Secretary of State any penalty recovered under this section.
Pt. I modified (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), regs. 1, 2