Article 53 Installations: failure to transfer or surrender allowances where underreporting discovered after transfer
(1)
A person is liable to a civil penalty where the person fails—
(a)
to effect a transfer (or to effect a transfer on time) of allowances, contrary to paragraph 10(3) of Schedule 6 (transfer of permits: underreporting discovered after transfer);
(b)
to surrender (or to surrender on time) allowances, contrary to paragraph 10(4) of that Schedule.
(2)
The civil penalty is £20 multiplied by the inflation factor for each allowance that the person failed to transfer or surrender.
(3)
In this article, “inflation factor” has the meaning given in article 52(11).