18A.—(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.]
Textual Amendments