# The Scottish and Northern Ireland Banknote Regulations 2009, Paragraph 5: Statement of policy on penalties


The Bank of England must publish a statement of policy, with which it must comply, in respect of—
(a) the process it will follow when it imposes a penalty under these Regulations; and
(b) the amount of any such penalty.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486306/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.