Paragraph 5 Contents of a final notice

The final notice must include information as to—

(a)

the grounds for imposing the discretionary requirement;

(b)

the administrator’s response to any representation and objections made by the seller, including any effect on the amount of any variable monetary penalty imposed;

(c)

where the discretionary requirement is a non-monetary discretionary requirement—

(i)

the steps the seller is required to take;

(ii)

the period within which those steps must be taken;

(d)

where the discretionary requirement is a variable monetary penalty—

(i)

the amount of the penalty;

(ii)

methods of payment;

(iii)

the period within which payment must be made;

(iv)

the right to, and effect of, early payment under paragraph 7;

(e)

the right of appeal;

(f)

the consequences of failing to comply with the notice, including the imposition of a late payment penalty in accordance with paragraph 8.