Regulation 46 Failure to comply with information notice
(1)
The penalties in paragraph (2) apply where a person fails to comply (or to comply on time) with the requirements of a notice (the “information notice”) given under regulation 32.
(2)
The penalties are—
(a)
the financial penalties of—
(i)
£5,000; and
(ii)
a daily penalty at a rate of £500 for each day that the person fails to comply with the requirements of the information notice, beginning with the day after the date by which the requirements of the information notice should have been complied with, up to a maximum of £45,000; and
(b)
publication.