C1C2Part 3Civil sanctions

Annotations:
Modifications etc. (not altering text)

Stop notices

48Stop notices: compensation

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.