Miscellaneous

F1Penalties18A

1

Where a person fails, without reasonable excuse, to comply with a requirement to consult under regulation 7(3), the Regulator may by notice in writing require that person to pay a penalty.

2

Any such penalty must be paid within 28 days and must not exceed—

a

in the case of an individual, £5,000; and

b

in any other case, £50,000.