C1C4C5C3C6Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)

C4C5C3C6Chapter 7Compliance

Penalties

I1C4C5C3C6259C4C5C3C6Documents and particulars required by notice

C21

A person who fails to comply with a notice under section 252 (notice requiring documents or particulars) is liable to a penalty not exceeding £300.

2

If the failure continues after a penalty is imposed under subsection (1), the person is liable to a further penalty not exceeding £60 for each day on which the failure continues after the day on which that penalty was imposed (but excluding any day for which a penalty under this subsection has already been imposed).

3

No penalty may be imposed under subsection (1) or (2) in respect of a failure after it has been remedied.

4

If a person fraudulently or negligently—

a

produces or makes available for inspection any incorrect documents, or

b

provides any incorrect particulars,

in response to a notice under section 252, the person is liable to a penalty not exceeding £3,000.