# The Greenhouse Gas Emissions Trading Scheme Order 2020, 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).

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348209761/article/53 (the official version)
Page: https://openlegislation.uk/draft-greenhouse-gas-emissions-trading-scheme-order-2020/article-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.