Regulation 23 Payments and interest

If the whole or any portion of a financial penalty is not paid by the date by which it is required to be paid, 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^f1.

Where an application has been made under regulation 21(6) (application to CMA to specify different date for payment), the financial penalty is not required to be made until the application has been determined, withdrawn or otherwise dealt with.

If a portion of a financial penalty has not been paid by the date by which it is required to be paid, the CMA may, where it considers it appropriate to do so, require so much of the penalty as has not already been paid, and is capable of being paid immediately, to be paid immediately.

Any sums received by the CMA in or towards the payment of a financial penalty, or interest on such a penalty, are to be paid into the Consolidated Fund.