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Regulation 11 Civil PenaltiesF1C1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where any person fails, without reasonable excuse, to comply with any requirement imposed under these Regulations, the Regulatory Authority may F2by notice in writing require that person to pay within 28 days a penalty which shall—

(a)

in the case of an individual, not exceed £5,000, and

(b)

in any other case, not exceed £50,000.

Annotations

Textual amendments

F1

Reg. 11 substituted (6.4.2005) by Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/704), regs. 1(2), 17

F2

Words in reg. 11 inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 6(2)

Modifications

C1

Reg. 11 excluded (24.7.2014 immediately after 2011 c 19, s. 29 comes into force) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 78 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); S.I. 2014/1683, art. 2