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The United Kingdom Internal Market Act 2020 (Maximum Penalty) Regulations 2021
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- UK Statutory Instruments
- 2021 No. 1056
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EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations make provision about the power of the Competition and Markets Authority to impose penalties under section 42 of the United Kingdom Internal Market Act 2020 (c. 27) (“the Act”) by setting the maximum penalties that may be imposed, using the powers in section 43(4) and (5) of the Act.
Regulation 2 prescribes the maximum penalty amounts that may be imposed in relation to a breach of section 42(1) of the Act. In the case of a fixed amount, the maximum penalty is £30,000. In the case of an amount calculated by reference to a daily rate, the maximum amount per day is £15,000. In the case of a fixed amount and an amount calculated by reference to a daily rate, the maximum fixed amount is £30,000 and the maximum amount per day is £15,000.
Regulation 3 prescribes £30,000 as the maximum penalty that may be imposed in relation to a breach of section 42(2) of the Act.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.
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