Point in time view as at 01/10/2016.
There are currently no known outstanding effects for the Energy Act 2016, Section 45.
(1)The financial penalty payable under a financial penalty notice in respect of a failure to comply with a petroleum-related requirement (whether payable by one person, or jointly by two or more persons) must not exceed £1 million.
(2)The OGA must—
(a)issue guidance as to the matters to which it will have regard when determining the amount of the financial penalty to be imposed by a financial penalty notice, and
(b)have regard to the guidance when determining the amount of the penalty in any particular case.
(3)The OGA may from time to time review the guidance and, if it considers appropriate, revise it.
(4)Before issuing or revising guidance under this section, the OGA must consult such persons as it considers appropriate.
(5)The OGA must lay any guidance issued under this section, and any revision of it, before each House of Parliament.
(6)The OGA must publish any guidance issued under this section, and any revision of it, in such manner as the OGA considers appropriate.
(7)The Secretary of State may by regulations amend subsection (1) to change the amount specified to an amount not exceeding £5 million.
Commencement Information
I1S. 45 in force at 1.10.2016 by S.I. 2016/920, reg. 2(b)
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
