Paragraph 1 Imposition of a variable monetary penalty, compliance notice or restoration noticeI1
England and Wales
A regulator may by notice impose—
a requirement to pay a monetary penalty to a regulator of such amount as the regulator may determine (“a variable monetary penalty”);
a requirement to take such steps as a regulator may specify, within such period as it may specify, to secure that the offence does not continue or recur (“a compliance notice”);
a requirement to take such steps as a regulator may specify, within such period as it may specify, to secure that the position is, so far as possible, restored to what it would have been if the offence had not been committed (“a restoration notice”),
or any combination of these requirements, in relation to an offence under a provision specified in Schedule 5 if the table in that Schedule indicates that such penalty or notice is possible for that offence.
Before doing so the regulator must be satisfied beyond reasonable doubt that the person has committed the offence.
A requirement under this paragraph may not be imposed on a person on more than one occasion in relation to the same act or omission.
Where a variable monetary penalty is imposed in relation to an offence that is—
triable summarily only, and
punishable on summary conviction by a fine (whether or not it is also punishable by a term of imprisonment),
the amount of the variable monetary penalty may not exceed the maximum amount F1(if any) of that fine.
Before serving a notice relating to a variable monetary penalty the regulator may require the person to provide such information as is reasonable to establish the amount of any financial benefit arising as a result of the offence.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 1(4) inserted (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders 2012 (Fines on Summary Conviction) Regulations (S.I. 2015/664), reg. 1(1), Sch. 5 para. 20 (with reg. 5(1))
Commencement
- I1
Sch. 2 para. 1 in force at 15.7.2010, see art. 1