# The Qualifications Wales (Monetary Penalties) (Determination of Turnover) Regulations 2019, Regulation 3: Monetary penalty: amount


(1) The amount of a monetary penalty imposed on an awarding body under section 38 of the Act must not exceed 10% of the awarding body’s turnover.
(2) The turnover of an awarding body for the purposes of paragraph (1) is to be determined in accordance with regulations 4 and 5.
(3) Subject to paragraph (1), the amount may be whatever Qualifications Wales decide is appropriate in all the circumstances of the case.

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Source: https://www.legislation.gov.uk/wsi/2019/796/regulation/3 (the official version)
Page: https://openlegislation.uk/qualifications-wales-monetary-penalties-determination-of-turnover-regulations-2019/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.