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51.—(1) Where the regulator considers it appropriate to do so, the regulator may (subject to paragraph (2))—
(a)refrain from imposing a civil penalty;
(b)reduce the amount of a penalty (including the amount of an additional daily penalty);
(c)extend the time for payment specified in the penalty notice or additional penalty notice;
(d)withdraw a penalty notice or an additional penalty notice;
(e)modify the notice by substituting a lower penalty.
(2) The powers under paragraph (1) do not apply in relation to any penalty arising under regulation 54(1).