The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations 2024

Interpretation

This section has no associated Explanatory Memorandum

2.  In these Regulations—

conduct” means an act or omission;

financial penalty” means a requirement to pay to the registrar a penalty, of an amount determined by the registrar in accordance with regulation 7, which may be—

(a)

a fixed amount (“a fixed penalty”);

(b)

an amount calculated by reference to a daily rate (“a daily rate penalty”); or

(c)

a combination of a fixed penalty and a daily rate penalty.