Section 21 Penalty notices: contents, procedure, variation and withdrawalI1

United Kingdom Not yet in force

(1)

A penalty notice must contain the following information—

(a)

the reasons for giving the notice;

(b)

the amount of the non-compliance penalty;

(c)

the amount of any daily penalty;

(d)

how payments may be made;

(e)

the period within which payments must be made;

(f)

the rights of appeal under section 22;

(g)

the consequences of failing to pay the penalty.

(2)

Before giving a penalty notice to a person, the Security Industry Authority must give the person an opportunity to make representations about the proposed notice.

(3)

The Security Industry Authority may vary or withdraw a penalty notice by giving notice of the variation or withdrawal to the person to whom the notice was given.

(4)

A penalty notice may not be varied so as to—

(a)

increase the amount of the non-compliance penalty or any daily penalty,

(b)

shorten the period within which the non-compliance penalty or any daily penalty must be paid, or

(c)

require the payment of daily penalties not already provided for in the notice.

Annotations

Commencement

I1: S. 21 not in force at Royal Assent, see s. 37(2)