This is the original version (as it was originally enacted).
6(1)Where no final or provisional order has been made in relation to a contravention, the economic regulator may not impose a penalty in respect of the contravention later than the end of the period of five years from the time of the contravention, unless before the end of that period—
(a)the notice under paragraph 4(4) relating to the penalty is served on the licence holder under paragraph 4(8), or
(b)a notice under section 29(2)(b) is served on the licence holder which specifies that the notice is served in connection with a concern on the part of the economic regulator that the licence holder may be contravening, or may have contravened, a relevant condition or requirement.
(2)Where a final or provisional order has been made in relation to a contravention, the economic regulator may not impose a penalty in respect of the contravention unless the notice relating to the penalty under paragraph 4(4) was served on the licence holder under paragraph 4(8)—
(a)within three months from the confirmation of the provisional order or the making of the final order, or
(b)where the provisional order is not confirmed, within six months from the making of the provisional order.
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