121 Financial penalty

121  Financial penalty

(1)     The Commission may require the holder of an operating licence to pay a penalty if the Commission thinks that a condition of the licence has been breached.

(2)     Before imposing a requirement on a licensee to pay a penalty under this section the Commission must notify him—

(a)     that the Commission proposes to require him to pay a penalty,

(b)     of the amount of the proposed penalty,

(c)     of the Commission's reasons, and

(d)     of a period within which he may make representations to the Commission.

(3)     The Commission may not give a notice under subsection (2) in respect of the breach of a condition

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