# The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Schedule: Punishment of offences

Extent: E+W

Rule creating offence
General nature of offence
Mode of prosecution
Punishment
Daily default fine (where applicable)
Rule 88
Administrator failing to send a progress report
Summary
Level 3 on the standard scale
One-tenth of level 3 on the standard scale
Rule 181
Failure to comply with administrator’s duties on vacating office
Summary
Level 3 on the standard scale
One-tenth of level 3 on the standard scale
Rule 247
False representation of status for purpose of inspecting documents
1. On indictment
2 years imprisonment or a fine, or both
2. Summary
6 months imprisonment, or a fine, or both

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Source: https://www.legislation.gov.uk/uksi/2021/1178/schedule (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/schedule
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.