# The Insolvency Practitioners Regulations 2005, Paragraph 7


Where the value of the insolvent's assets is more than £5,000,000 the specific penalty sum shall be £5,000,000.

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Source: https://www.legislation.gov.uk/uksi/2005/524/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/insolvency-practitioners-regulations-2005/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.