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The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) Regulations 2013
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- UK Statutory Instruments
- 2013 No. 1389
- PART 5
- Regulation 26
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There are currently no known outstanding effects for the The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) Regulations 2013, Section 26.
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Power of Authority to impose penaltyE+W+S
This section has no associated Explanatory Memorandum
26.—(1) If the Authority is satisfied that a person (“FP”)—
(a)has failed to comply with a REMIT requirement; F1...
(b)has failed to comply with a requirement imposed by or under regulation 8[F2; or]
[F3(c)has failed to comply with a regulation 39 requirement,]
it may impose on FP a penalty of such amount as it considers appropriate.
(2) If the Authority is entitled to impose a penalty on FP under this regulation it may, instead of imposing a penalty on FP, publish a statement to the effect that FP has failed to comply with a REMIT requirement [F4, a requirement imposed by or under regulation 8 or a regulation 39 requirement] (as the case may be).
Textual Amendments
F1Word in reg. 26(1)(a) omitted (1.7.2015) by virtue of The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(a)
F2Word in reg. 26(1)(b) substituted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(b)
F3Reg. 26(1)(c) inserted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(c)
F4Words in reg. 26(2) substituted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(2)
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