# The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023, Regulation 14: Penalties for failure to comply with record-keeping requirements

Extent: E+W+S+N.I.

(1) If a reporting platform operator fails to comply with regulation 3(3) (record-keeping), the reporting platform operator is liable to a penalty not exceeding £5,000 for each reportable period in respect of which one or more failures have occurred.
(2) A failure has occurred in respect of a reportable period if the failure pertains to records which relate to that reportable period for the purposes of regulation 3(5) or 3(6).

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Source: https://www.legislation.gov.uk/uksi/2023/817/regulation/14 (the official version)
Page: https://openlegislation.uk/platform-operators-due-diligence-and-reporting-requirements-regulations-2023/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.