Part II Licences for Postal Services
Financial penalties
I130 Financial penalties.
1
If the Commission is satisfied that a licence holder—
a
has contravened any condition of his licence, or
b
is contravening any such condition,
the Commission may impose on the licence holder a penalty of such amount as is reasonable.
2
No such penalty shall exceed 10 per cent. of the turnover of the licence holder (determined in accordance with provisions specified in an order made by the Secretary of State).
3
The Commission may impose a penalty under this section in respect of a contravention of a licence condition irrespective of whether it has made or may make a final or provisional order in respect of that contravention.