SCHEDULES
SCHEDULE 2Trading schemes
Part 3Administration and enforcement
Penalties
29
1
The regulations may provide that a person is liable to a financial or other penalty if the person fails to comply with the requirements of a trading scheme.
2
The regulations may—
a
specify the amount of any financial penalty, or
b
provide for the amount of any financial penalty to be determined in accordance with the regulations.
3
If the regulations provide for financial penalties to be payable to a person other than a national authority, they must provide for that person to pay the sums received to the national authority or authorities specified in or determined in accordance with the regulations.