Article 8 Article 47 amended (penalty notices)

Article 47 is amended as follows.

In paragraph (6)(d) after “maximum amount” insert “(if any)”.

After paragraph (7) insert—

“(7A)

A penalty notice imposing a civil penalty that consists of a daily penalty under article 64A(2)(b) (for which there is no maximum) may be given at such intervals as the regulator considers appropriate.”.

In paragraph (12) in the definition of “daily penalty” after “64(2)(b),” insert “64A(2)(b),”.