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Change 1
As published
69 Payment of penalties into Consolidated Fund etc
(1) Where pursuant to any provision made under or by virtue of this Part a regulator receives—
(a) a fixed monetary penalty, a variable monetary penalty or a non-compliance penalty under section 45(1),
(b) any interest or other financial penalty for late payment of such a penalty, or
(c) a sum paid in discharge of liability to a fixed monetary penalty pursuant to section 40(2)(b),
the regulator must pay it into the relevant Fund.
(2) In subsection (1) “relevant Fund” means—
(a) in a case where the regulator has functions only in relation to Wales, the Welsh Consolidated Fund,
(b) in a case where the regulator has functions only in relation to Scotland, the Scottish Consolidated Fund,
(c) in a case where the regulator has functions only in relation to Northern Ireland, the Consolidated Fund of Northern Ireland, and
(d) in any other case, the Consolidated Fund.
Your change, as a redline
69 Payment of penalties into Consolidated Fund etc
(1) Where pursuant to any provision made under or by virtue of this Part a regulator receives—
(a) a fixed monetary penalty, a variable monetary penalty or a non-compliance penalty under section 45(1),
(b) any interest or other financial penalty for late payment of such a penalty, or
(c) a sum paid in discharge of liability to a fixed monetary penalty pursuant to section 40(2)(b),
the regulator must pay it into the relevant Fund.
(2) In subsection (1) “relevant Fund” means—
(a) in a case where the regulator has functions only in relation to Wales, the Welsh Consolidated Fund,
(b) in a case where the regulator has functions only in relation to Scotland, the Scottish Consolidated Fund,
(c) in a case where the regulator has functions only in relation to Northern Ireland, the Consolidated Fund of Northern Ireland, and
(d) in any other case, the Consolidated Fund.
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