Paragraph 21 Acceptance of an enforcement undertakingI1

England and Wales

If a regulator has accepted an enforcement undertaking, then, unless the person from whom the enforcement undertaking is accepted has failed to comply with the enforcement undertaking, or any part of it—

(a)

that person may not, at any time, be convicted of the offence in respect of the act or omission to which the enforcement undertaking relates, and

(b)

the regulator may not impose on that person a fixed monetary penalty, a variable monetary penalty, a compliance notice or a stop notice in respect of that act or omission.

Annotations

Commencement

I1: Sch. para. 21 in force at 1.6.2025, see reg. 1(2)