{
  "url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-35",
  "json_url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-35.json",
  "legislation": "uksi/2008/346",
  "legislation_title": "The Regulated Covered Bonds Regulations 2008",
  "legislation_url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008",
  "path": "regulation/35",
  "kind": "regulation",
  "number": "35",
  "heading": "Financial penalties",
  "text": "(1) Where the Authority proposes to impose a penalty under regulation 34, it must give the person concerned a warning notice.\n(2) The warning notice must state the amount of the proposed penalty and the Authority's reasons for imposing it.\n(3) If, having considered any representations made in response to the warning notice, the Authority decides to impose a penalty under regulation 34, it must without delay give the person concerned a decision notice.\n(4) The decision notice must state the amount of the penalty.\n(5) If the Authority decides to impose a penalty on a person under regulation 34, that person may refer the matter to the Upper Tribunal.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 35(5) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(f), Sch. 3 para. 154"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/346/regulation/35",
    "retrieved_at": "2026-10-29T03:36:42.465175+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."
}