7(1)If the whole or any part of a penalty is not paid by the date by which it is required to be paid, the unpaid balance from time to time is to carry interest at the rate for the time being specified in section 17 of the Judgments Act 1838.
(2)If an application is made under paragraph 4(7) in relation to a penalty, the penalty is not required to be paid until the application has been determined.
(3)If the economic regulator grants an application under that sub-paragraph in relation to a penalty but any portion of the penalty is not paid by the date specified in relation to it by the economic regulator under that sub-paragraph, the economic regulator may where it considers it appropriate require so much of the penalty as has not already been paid to be paid immediately.
Commencement Information
I1Sch. 3 para. 7 in force at 26.12.2023, see s. 334(3)(a)