Regulation 26 Power of Authority to impose penalty
England, Wales and Scotland
If the Authority is satisfied that a person (“FP”)—
has failed to comply with a REMIT requirement; F1...
has failed to comply with a requirement imposed by or under regulation 8F2; or
has failed to comply with a regulation 39 requirement,
it may impose on FP a penalty of such amount as it considers appropriate.
If the Authority is entitled to impose a penalty on FP under this regulation it may, instead of imposing a penalty on FP, publish a statement to the effect that FP has failed to comply with a REMIT requirement F4, a requirement imposed by or under regulation 8 or a regulation 39 requirement (as the case may be).
Annotations
Textual amendments
- F1
Word in reg. 26(1)(a) omitted (1.7.2015) by virtue of The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(a)
- F2
Word in reg. 26(1)(b) substituted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(b)
- F3
Reg. 26(1)(c) inserted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(1)(c)
- F4
Words in reg. 26(2) substituted (1.7.2015) by The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) (Amendment) Regulations 2015 (S.I. 2015/862), regs. 1(1), 13(2)