Paragraph 2 Notice of intentI1

England and Wales

(1)

Where the regulator proposes to impose a fixed monetary penalty on a person, the regulator must serve on that person a notice of what is proposed (“notice of intent”).

(2)

The notice of intent must include—

(a)

the grounds for the proposal to impose the penalty;

(b)

the amount of the penalty;

(c)

a statement that liability for the penalty can be discharged by paying 50% of the penalty within 28 days beginning with the day on which the notice was received;

(d)

information as to—

(i)

the effect of that discharge payment;

(ii)

the right to make representations and objections within 28 days beginning with the day on which the notice of intent was received;

(iii)

the circumstances in which the regulator must not impose the penalty (including any defences relating to the offence in relation to which the notice is served).

Annotations

Commencement

I1: Sch. 2 para. 2 in force at 6.4.2024, see reg. 1(2)