# The Occupational Pension Schemes (Transfer Values) Regulations 1996, Regulation 20: Maximum penalty under section 10 of the 1995 Act

Extent: E+W+S

Where section 10 of the 1995 Act (civil penalties) applies by virtue of section 93A(6) or section 99(7) of the 1993 Act, the maximum amount for the purposes of section 10(2) of the 1995 Act shall be £1,000 in the case of an individual and £10,000 in any other case.

---
Source: https://www.legislation.gov.uk/uksi/1996/1847/regulation/20 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.