# The Regulated Covered Bonds Regulations 2008, Regulation 36A: Financial penalties


(1) The Authority must in respect of each of its financial years pay to the Treasury any amounts received by it during the year by way of penalties imposed under regulation 34.
(2) The Treasury may give directions to the Authority as to how the Authority is to comply with its duty under paragraph (1).
(3) The directions may in particular—
(a) specify the time when any payment is required to be made to the Treasury, or
(b) require the Authority to provide the Treasury at specified times with information relating to penalties that the Authority has imposed under regulation 34.
(4) The Treasury must pay into the Consolidated Fund any sums received by them under this regulation.

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Source: https://www.legislation.gov.uk/uksi/2008/346/regulation/36A (the official version)
Page: https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-36A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.