PART 8Civil penalties and breaches
CHAPTER 2Breach of Regulations
False or misleading statement47
1
The penalties in paragraph (2) apply where a responsible undertaking makes a statement which is false or misleading when notifying information to the scheme administrator or a compliance body, or when providing information required by a compliance notice, an enforcement notice or a penalty notice.
2
The penalties are—
a
£50,000, or such lesser amount as the compliance body may determine, and
b
the publication penalty.