OpenLegislation

Paragraph 44

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The issuing company is liable to a penalty not exceeding £3,000 if—

(a)

it issues a compliance certificate, or provides a compliance statement, which is made fraudulently or negligently, or

(b)

it issues a compliance certificate in contravention of paragraph 41(3) or (4) (no certificate to be issued without Inland Revenue approval).