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Regulation 44 Consumer redress orders: miscellaneous

Original text. Later amendments are not shown.

(1)

If—

(a)

compensation is required to be paid under a consumer redress order; and

(b)

it is not paid by the date by which it is required to be paid in accordance with the order,

the unpaid balance from time to time carries interest at the rate for the time being specified in section 17 of the Judgments Act 1838.

(2)

The Regulator may not make a consumer redress order where it is satisfied that the most appropriate way of proceeding is under the Competition Act 1998.

(3)

The Regulator’s power to make a consumer redress order as a result of a contravention of a relevant condition or requirement is not to be taken as limiting the Regulator’s power to impose a penalty under regulation 31 in relation to the same contravention (whether instead of, or in addition to, making a consumer redress order).