Schedule 6, Part 2, paragraph 10

The regulations may make provision conferring on an administrator the power by notice to impose a fixed monetary penalty on a person who breaches regulations under this Schedule. The regulations may only confer such a power in relation to a case where the administrator is satisfied on the balance of probabilities that the breach has occurred. For the purposes of this Schedule a “fixed monetary penalty” is a requirement to pay to an administrator a penalty of an amount specified in or determined in accordance with the regulations. The regulations may not provide for the imposition of a fixed monetary penalty in excess of £5,000.

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Source: legislation.gov.uk · retrieved 2026-07-30