The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Rule 248

SCHEDULEPunishment of offences

This schedule has no associated Explanatory Memorandum
Rule creating offenceGeneral nature of offenceMode of prosecutionPunishment

Daily default fine (where applicable)

Rule 88

Administrator failing to send a progress report

SummaryLevel 3 on the standard scaleOne-tenth of level 3 on the standard scale
Rule 181

Failure to comply with administrator’s duties on vacating office

SummaryLevel 3 on the standard scaleOne-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. Summary6 months imprisonment, or a fine, or both