OpenLegislation

Regulation 12 Penalties for failure to provide information to reportable sellersI1

United Kingdom

If a reporting platform operator fails to comply with regulation 4(4) (reporting of information to reportable sellers), the reporting platform operator is liable—

(a)

to a penalty not exceeding £5,000 for each reportable period in respect of which one or more failures have occurred, and

(b)

if any of the failures continue after notice of an assessment to a penalty under paragraph (a) is issued, to a penalty not exceeding £600 for each subsequent day on which any of the failures continue.

Annotations

Commencement

I1

Reg. 12 in force at 1.1.2024, see reg. 1