Regulation 8 Failure to publish a report
(1)
If the requirements of regulation 3 are not met in relation to a reporting period, the qualifying company and every person who was a director of the qualifying company immediately before the end of the filing period commits an offence.
(2)
It is a defence for a director to prove that the director took all reasonable steps for securing that the requirements of regulation 3 would be complied with before the end of the filing period.
(3)
A person guilty of an offence under this regulation is liable on summary conviction—
(a)
in England and Wales, to a fine;
(b)
in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale.