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Regulation 4 Prescribed penalty

Original text. Later amendments are not shown.

A penalty is prescribed for the purposes of paragraph 8(1)(c) of Schedule 34 to the Finance Act 2014 where it is imposed by a professional body and results in one or more of the following in relation to a person—

(a)

a fine or financial penalty greater than £5,000;

(b)

a condition or restriction on, or attached to, a certificate or licence required to practice under the professional body;

(c)

suspension, withdrawal or non-renewal of a certificate or licence required to practice under the professional body;

(d)

suspension, expulsion or exclusion from membership of the professional body, however described (including removal from a membership register, striking off), whether temporary or permanent.