The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 No. 1178

Rule 248

SCHEDULE Punishment of offences

Rule creating offence	General nature of offence	Mode of prosecution	Punishment	Daily default fine (where applicable)
Rule 88	Administrator failing to send a progress report	Summary	Level 3 on the standard scale	One-tenth of level 3 on the standard scale
Rule 181	Failure to comply with administrator’s duties on vacating office	Summary	Level 3 on the standard scale	One-tenth of level 3 on the standard scale
Rule 247	False representation of status for purpose of inspecting documents	1. On indictment	2 years imprisonment or a fine, or both
		2. Summary	6 months imprisonment, or a fine, or both