C1Part 3Civil sanctions

Annotations:
Modifications etc. (not altering text)

Fixed monetary penalties

39Fixed monetary penalties

1

The provision which may be made under this section is provision to confer on a regulator the power by notice to impose a fixed monetary penalty on a person in relation to a relevant offence.

2

Provision under this section may only confer such a power in relation to a case where the regulator is satisfied beyond reasonable doubt that the person has committed the relevant offence.

3

For the purposes of this Part a “fixed monetary penalty” is a requirement to pay to a regulator a penalty of a prescribed amount.

C24

Where the relevant offence is—

a

triable summarily (whether or not it is also triable on indictment), and

b

punishable on summary conviction by a fine (whether or not it is also punishable by a term of imprisonment),

the amount of the fixed monetary penalty may not exceed the maximum amount of that fine.