# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 163: Punishment of offences


(1) Where the administrator commits an offence under rule 100(4) (administrator failing to send notification as to progress of administration)—
(a) the offence shall be punishable on summary conviction;
(b) the maximum punishment by way of fine shall be one-fifth of the statutory maximum; and
(c) a person convicted of the offence after continued contravention is liable to a daily default fine which shall be one-fiftieth of the statutory maximum; that is to say, that person is liable on a second or subsequent conviction of the offence to this amount for each day on which the contravention is continued instead of the penalty specified for the offence in sub-paragraph (b).
(2) Section 431 of the 1986 Act (summary proceedings), as it applies to Scotland, has effect in relation to this offence as to offences under the 1986 Act.

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Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/163 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-163
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.