# The Overseas Companies Regulations 2009, Regulation 29: Penalty for non-compliance


(1) If a company fails to comply with regulation 28(3) an offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(2) A person guilty of an offence under paragraph (1) is liable on summary conviction to—
(a) a fine not exceeding level 5 on the standard scale, and
(b) for continued contravention, a daily default fine not exceeding one tenth of level 5 on the standard scale.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111479476/regulation/29 (the official version)
Page: https://openlegislation.uk/draft-overseas-companies-regulations-2009/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.