Paragraph 6 Notice of intentI1

United Kingdom

(1)

If the regulator proposes to serve on a person a compliance notice, a restoration notice or a notice imposing a fixed or variable monetary penalty under this Part, it must serve on that person a notice of what is proposed (a “notice of intent”).

(2)

The notice of intent must include—

(a)

the grounds for serving the proposed notice;

(b)

the requirements of the proposed notice and, in the case of a penalty, the amount to be paid;

(c)

in the case of a fixed monetary penalty, a statement that liability for the penalty can be discharged by paying 50% of the penalty within 28 days beginning with the day on which the notice was received and information on the effect of such a discharge payment; and

(d)

information as to—

(i)

the right to make representations and objections within 28 days beginning with the day on which the notice of intent was received; and

(ii)

the circumstances in which the regulator may not serve the proposed notice.

Annotations

Commencement

I1: Sch. 3 para. 6 in force at 1.12.2019, see art. 1(1)