Regulation 11 Penalty for non-compliance
(1)
If a company fails to comply with any of the requirements of this Part, an offence is committed by—
(a)
the company, and
(b)
every officer or agent of the company who knowingly and wilfully authorises or permits the default.
(2)
A person guilty of an offence under paragraph (1) is liable on summary conviction to—
(a)
a fine not exceeding level 3 on the standard scale, and
(b)
for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.