Section 7ZB Penalty orders.F1C1
United Kingdom
Where a penalty order is made in relation to a registered person, he shall pay to the Board the sum specified in the order.
A penalty order may not specify a sum exceeding the amount which, at the relevant time, is the amount specified as level 4 on the standard scale of fines for summary offences.
In this subsection “the relevant time” means—
in a case within subsection (1)(a) of section 7ZA, the time of the conduct or incompetence of which the registered person is found guilty; and
in a case within subsection (1)(b) of that section, the time when he committed the criminal offence of which he has been convicted.
A penalty order shall specify the period within which the sum specified in it is to be paid.
If the person in relation to whom a penalty order is made does not pay the sum specified in the order within the period so specified, the Professional Conduct Committee may make a suspension order or an erasure order in relation to him.
The Board shall pay into the Consolidated Fund any sum paid under a penalty order.
Annotations
Textual amendments
- F1
Ss. 7, 7ZA-7ZD substituted (1.4.1997) for s. 7 by 1996 c. 53, s.121; S.I. 1996/2842, art.4
Modifications
- C1
Ss. 7, 7ZA-7ZD extended (1.4.1997) by 1996 c. 53, s. 125, Sch. 2 Pt. III para. 27(1); S.I. 1996/2842, art.4
Notes on the whole Act
Textual amendments
- F1
Act repealed (21.7.1997) by 1997 c. 22, s. 27, Sch.3 (with Sch. 2); S.I. 1997/1672, art.2