The Vehicle Emissions Trading Schemes Order 2023
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Change 1
101 Failure to provide information under article 86 (information required where suspected failure to comply with this Order)
(1) The administrator may impose the penalties in paragraph (2) where— (a) the administrator or an authorised person has given notice to a participant in the Trading Schemes or an SPV manufacturer under article 86; and (b) the participant or SPV manufacturer has failed to comply with the notice by the time specified in it. (2) The penalties are— (a) the financial penalty of £750,000 or, if lower, 0.5% of the turnover of the participant in the Trading Schemes or the SPV manufacturer for its financial year ending during the scheme year to which the failure relates; (b) publication; and (c) a block.
101 Failure to provide information under article 86 (information required where suspected failure to comply with this Order)
(1) The administrator may impose the penalties in paragraph (2) where— (a) the administrator or an authorised person has given notice to a participant in the Trading Schemes or an SPV manufacturer under article 86; and (b) the participant or SPV manufacturer has failed to comply with the notice by the time specified in it. (2) The penalties are— (a) the financial penalty of £750,000 or, if lower, 0.5% of the turnover of the participant in the Trading Schemes or the SPV manufacturer for its financial year ending during the scheme year to which the failure relates; (b) publication; and (c) a block.
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