{
  "url": "https://openlegislation.uk/payment-services-regulations-2017/regulation-127",
  "json_url": "https://openlegislation.uk/payment-services-regulations-2017/regulation-127.json",
  "legislation": "uksi/2017/752",
  "legislation_title": "The Payment Services Regulations 2017",
  "legislation_url": "https://openlegislation.uk/payment-services-regulations-2017",
  "path": "regulation/127",
  "kind": "regulation",
  "number": "127",
  "heading": "Penalties",
  "text": "(1) The Payment Systems Regulator may require a regulated person to pay a penalty in respect of a compliance failure.\n(2) A penalty—\n(a) must be paid to the Payment Systems Regulator; and\n(b) may be enforced by the Payment Systems Regulator as a debt.\n(3) The Payment Systems Regulator must prepare a statement of the principles which it will apply in determining—\n(a) whether to impose a penalty; and\n(b) the amount of a penalty.\n(4) The Payment Systems Regulator must—\n(a) publish the statement on its website;\n(b) send a copy to the Treasury;\n(c) review the statement from time to time and revise it if necessary (and sub-paragraphs (a) and (b) apply to a revision); and\n(d) in applying the statement to a compliance failure, apply the version in force when the compliance failure occurred.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/752/regulation/127",
    "retrieved_at": "2026-10-28T23:09:36.065342+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}