# The Finance Act 2014 (Schedule 34 Prescribed Matters) Regulations 2015, Regulation 4: Prescribed penalty


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.

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Source: https://www.legislation.gov.uk/uksi/2015/131/regulation/4 (the official version)
Page: https://openlegislation.uk/finance-act-2014-schedule-34-prescribed-matters-regulations-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.