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Regulatory Enforcement and Sanctions Act 2008
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48Stop notices: compensationU.K.
This section has no associated Explanatory Notes
(1)Provision under section 46 conferring power on a regulator to serve a stop notice on a person must include provision for the regulator to compensate the person for loss suffered as the result of the service of the notice.
(2)Provision under subsection (1) may provide for compensation—
(a)only in prescribed cases;
(b)only in relation to prescribed descriptions of loss.
(3)Provision under subsection (1) must secure that the person on whom the stop notice is served is able to appeal against—
(a)a decision by the regulator not to award compensation, or
(b)a decision of the regulator as to the amount of the compensation.
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