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Regulation 10 Civil penalties

Original text. Later amendments are not shown.

For the purpose of section 50(6) of the Act, the maximum amount of the penalty which may be imposed by the Occupational Pensions Regulatory Authorityf1 under section 10(2)(b) of the Act is—

(a)

£1,000 in the case of an individual, and

(b)

£10,000 in any other case.

Annotations

Footnotes

f1

The Occupational Pensions Regulatory Authority is established under section 1 of the Pensions Act 1995 (c. 26).