# The International Controlled Transaction Reporting Regulations 2026, Regulation 19: Penalties for failure to provide specified information


(1) If a reporting entity fails to comply with regulations 4(2), 7, 8(1) or (3), or 10(2), the reporting entity is liable to a penalty of £300 in respect of each accounting period or underwriting year to which the failure relates.
(2) In the case of a partnership, the penalty in paragraph (1) is payable by every relevant partner.
(3) Where the reporting entity in paragraph (1) is a managing agent and the failure relates to specified information which is required in respect of one or more members of a syndicate, the reporting entity is liable to the penalty under paragraph (1) in respect of each member of each syndicate to which the failure relates.

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Source: https://www.legislation.gov.uk/uksi/2026/1156/regulation/19 (the official version)
Page: https://openlegislation.uk/international-controlled-transaction-reporting-regulations-2026/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.