# The State Aid (EU Exit) Regulations 2019, Paragraph 2: Secretary of State power to amend maximum amount of penalty


(1) The Secretary of State may, by regulations, amend an amount specified in paragraph 1(3).
(2) Regulations made under sub-paragraph (1) must not specify—
(a) in the case of a fixed amount, an amount exceeding £30,000;
(b) in the case of an amount calculated by reference to a daily rate, an amount per day exceeding £15,000; and
(c) in the case of a fixed amount and an amount calculated by reference to a daily rate, a fixed amount exceeding £30,000 and an amount per day exceeding £15,000.
(3) Before making regulations under sub-paragraph (1), the Secretary of State must consult the CMA, the devolved authorities and such other persons as the Secretary of State considers appropriate.
(4) Regulations under sub-paragraph (1) are to be made by statutory instrument.
(5) A statutory instrument made under sub-paragraph (1) is subject to annulment in pursuance of a resolution of either House of Parliament.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178768/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/draft-state-aid-eu-exit-regulations-2019/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.