Regulation 9 Penalties
Where any trustee or manager of an occupational pension scheme fails, without reasonable excuse, to comply with any requirement imposed under regulation 6, 7 or 8, the Regulatory Authority may F1by notice in writing require that trustee or manager to pay within 28 days from the date of its imposition, a penalty which shall not exceed—
(a)
£200 in the case of an individual, and
(b)
£1,000 in any other case.
Annotations
Textual amendments
- F1
Words in reg. 9 inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 12(3)