The Clean Heat Market Mechanism Regulations 2025
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Change 1
44 Failure to make a notification under regulation 21(3) or (4) (change of corporate structure)
(1) The penalties in paragraph (2) apply where a scheme participant or a near-threshold supplier fails to make a notification which it is required to make under regulation 21(3) or (4). (2) The penalties are— (a) the financial penalties of— (i) £5,000; and (ii) a daily penalty at a rate of £500 for each day that the scheme participant or a near-threshold supplier fails to make the notification under regulation 21(3) or (4), as the case may be, beginning with the day after the date on which the notification should have been made, up to a maximum of £45,000; and (b) publication.
44 Failure to make a notification under regulation 21(3) or (4) (change of corporate structure)
(1) The penalties in paragraph (2) apply where a scheme participant or a near-threshold supplier fails to make a notification which it is required to make under regulation 21(3) or (4). (2) The penalties are— (a) the financial penalties of— (i) £5,000; and (ii) a daily penalty at a rate of £500 for each day that the scheme participant or a near-threshold supplier fails to make the notification under regulation 21(3) or (4), as the case may be, beginning with the day after the date on which the notification should have been made, up to a maximum of £45,000; and (b) publication.
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