SCHEDULE 3Fines expressed as proportions

Part 1

Companies (Audit, Investigations and Community Enterprise) Act 2004 (c.27)I18

In the Companies (Audit, Investigations and Community Enterprise) Act 200427, in section 45(12), for “one-tenth of level 5 on the standard scale” substitute “one-tenth of the greater of £5,000 or level 4 on the standard scale”.