Regulation 29 Penalty for non-compliance
(1)
If a company fails to comply with regulation 28(3) an offence is committed by—
(a)
the company, and
(b)
every officer of the company who is in default.
(2)
A person guilty of an offence under paragraph (1) is liable on summary conviction to—
(a)
a fine not exceeding level 5 on the standard scale, and
(b)
for continued contravention, a daily default fine not exceeding F1one tenth of level 5 on the standard scale one-tenth of the greater of £5,000 or level 4 on the standard scale.
Annotations
Textual amendments
- F1
Words in reg. 29(2)(b) substituted (E.W.) (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 3 para. 13(2) (with reg. 5(1))