# The Higher Education (Monetary Penalties and Refusal to Renew an Access and Participation Plan) (England) Regulations 2019, Regulation 2: Monetary penalties: maximum amount


The amount of a penalty determined by the OfS under section 15(2) of the Act must not exceed the higher of—
(a) 2% of the qualifying income of the registered higher education provider on whom the penalty is to be imposed; or
(b) £500,000.

---
Source: https://www.legislation.gov.uk/ukdsi/2019/9780111185353/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-higher-education-monetary-penalties-and-refusal-to-renew-an-access-and-participation-plan-england-regulations-2019/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.