Regulation 43 Failure to notify
(1)
The penalties in paragraph (2) apply where a responsible undertaking fails to notify the scheme administrator of its compliance, contrary to regulation 29.
(2)
The penalties are—
(a)
the financial penalties of—
(i)
an initial penalty of up to £5,000, and
(ii)
a daily penalty of up to £500 for each working day the responsible undertaking remains in breach, starting on the day after the service of the penalty notice subject to a maximum of 80 working days, and
(b)
the publication penalty.