PenaltiesE+W+S
9. Where any trustee or manager of an occupational pension scheme fails, without reasonable excuse, to comply with any requirement imposed under regulation 6, 7 or 8, the Regulatory Authority may [F1by notice in writing] require that trustee or manager to pay within 28 days from the date of its imposition, a penalty which shall not exceed—
(a)£200 in the case of an individual, and
(b)£1,000 in any other case.
Textual Amendments
F1Words in reg. 9 inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 12(3)