Paragraph 3 Third party undertakingsI1
England and Wales Not yet in force
(1)
A person on whom a notice of intent is served in relation to a proposed compliance notice may offer an undertaking as to action to be taken by that person (including the payment of a sum of money) to benefit any third party affected by the offence (a “third party undertaking”).
(2)
The regulator may accept or reject any such third party undertaking.
Annotations
Commencement
- I1
Sch. para. 3 in force at 19.5.2027, see reg. 1(2)