Paragraph 25 Non-compliance with enforcement undertakingI1

If an enforcement undertaking is not complied with, the regulator that accepted the enforcement undertaking may either—

If a person has complied partly but not fully with an enforcement undertaking, that partial compliance must be taken into account in the imposition of any criminal or other civil sanction on the person.

Criminal proceedings for an offence to which an enforcement undertaking relates may be instituted at any time up to twelve months from the date on which the regulator notifies the person required to comply with that enforcement undertaking of that person’s failure to do so.