Regulation 10 Enforcement of plans
The Director may specify as the financial requirements by virtue of section 37(1)(a) of the 2004 Act all or any of the following reductions in the amount of the institution’s grant, loan or other payment mentioned in section 24(4)(b) or (c) of that Act—
subject to regulation 11, a specified amount which in the opinion of the Director approximately equals 110 per cent of the total amount by which fees charged to students have exceeded the relevant maximum fees permitted by the plan;
a specified amount which in the opinion of the Director approximately equals 110 per cent of the total amount by which in any year the expenditure incurred in compliance with provisions included in the plan pursuant to regulation 3(a), (b) and (c) falls short of any expenditure levels set out in the plan , and
a specified amount which the Director considers appropriate in view of the severity of the governing body’s failure to comply with the plan, up to maximum of £500,000.