10 Civil penalties
Pensions Act 1995 (1995 c 26) | Legislation

10  Civil penalties

(1)     Where the Authority are satisfied that by reason of any act or omission this section applies to any person, they may by notice in writing require him to pay, within a prescribed period, a penalty in respect of that act or omission not exceeding the maximum amount.

(2)     In this section “the maximum amount” means—

(a)     £5,000 in the case of an individual and £50,000 in any other case, or

(b)     such lower amount as may be prescribed in the case of an individual or in any other case,

and the Secretary of State may by order amend paragraph (a) by substituting higher amounts for the amounts for the time being specified in that paragraph.

(3)     Regulations made by virtue of this Part may provide for any person who has contravened any provision of such regulations

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