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Article 2 Maximum penalty

Original text. Later amendments are not shown.

The maximum amount of a penalty which a licensing authority may impose under section 95 of the Legal Services Act 2007 (financial penalties) is—

(a)

in the case of a penalty imposed on a licensed body, £250 million; and

(b)

in the case of a penalty imposed on a manager or employee of a licensed body, £50 million.