xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

Prospective

Schedules

Schedule 12E+WRedress schemes: financial penalties

Final noticeE+W

3(1)After the end of the period for representations the enforcement authority must—

(a)decide whether to impose a financial penalty on the person, and

(b)if it decides to do so, decide the amount of the penalty.

(2)If the enforcement authority decides to impose a financial penalty on the person, it must give a notice to the person (a “final notice”) imposing that penalty.

(3)The final notice must require the penalty to be paid within the period of 28 days beginning with the day after the day on which the notice was given.

(4)The final notice must set out—

(a)the date on which the final notice is given,

(b)the amount of the financial penalty,

(c)the reasons for imposing the penalty,

(d)information about how to pay the penalty,

(e)the period for payment of the penalty,

(f)information about rights of appeal, and

(g)the consequences of failure to comply with the notice.

Commencement Information

I1Sch. 12 para. 3 not in force at Royal Assent, see s. 124(3)