The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
7 Penalties
(1) A financial penalty must not exceed the maximum fine that could be imposed by a court for the same offence under criminal proceedings in the jurisdiction in which the offence was committed and, in any event, must not exceed £10,000. (2) The registrar may not impose a daily rate penalty unless the person’s conduct constitutes an offence in respect of which a daily default fine may be imposed in the jurisdiction in which the offence was committed. (3) In relation to conduct for which the fine for the relevant offence in the jurisdiction in which the offence was committed does not include a daily default fine, the registrar may impose more than one fixed penalty in relation to that conduct where there is a continuing contravention. (4) For the purposes of a daily rate penalty— (a) the first day from which the amount may start to accumulate is the day after the day the registrar determines to be the day on which the person first engaged in the conduct amounting to a relevant offence; (b) unless the registrar determines an earlier date, the daily rate ceases to accumulate at the beginning of the earliest of— (i) the day on which the requirement to comply to which the offence relates is satisfied, (ii) the day on which that requirement no longer applies. (5) Interest accrues on the amount of a financial penalty which has not been paid within the period stated in the penalty notice at such rate as the registrar may direct or, if no such direction is given, the rate for the time being specified in section 17 of the Judgments Act 1838.
7 Penalties
(1) A financial penalty must not exceed the maximum fine that could be imposed by a court for the same offence under criminal proceedings in the jurisdiction in which the offence was committed and, in any event, must not exceed £10,000. (2) The registrar may not impose a daily rate penalty unless the person’s conduct constitutes an offence in respect of which a daily default fine may be imposed in the jurisdiction in which the offence was committed. (3) In relation to conduct for which the fine for the relevant offence in the jurisdiction in which the offence was committed does not include a daily default fine, the registrar may impose more than one fixed penalty in relation to that conduct where there is a continuing contravention. (4) For the purposes of a daily rate penalty— (a) the first day from which the amount may start to accumulate is the day after the day the registrar determines to be the day on which the person first engaged in the conduct amounting to a relevant offence; (b) unless the registrar determines an earlier date, the daily rate ceases to accumulate at the beginning of the earliest of— (i) the day on which the requirement to comply to which the offence relates is satisfied, (ii) the day on which that requirement no longer applies. (5) Interest accrues on the amount of a financial penalty which has not been paid within the period stated in the penalty notice at such rate as the registrar may direct or, if no such direction is given, the rate for the time being specified in section 17 of the Judgments Act 1838.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.