Pensions Act 2008
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Change 1
52 Penalty notices
(1) The Regulator may issue a penalty notice to an employer if the Regulator is of the opinion that the employer— (a) has contravened section 50, or (b) has failed to comply with a compliance notice under section 51. (2) A penalty notice is a notice requiring the person to whom it is issued to pay a penalty within the period specified in the notice. (3) The penalty— (a) is to be determined in accordance with regulations, and (b) must not exceed £50,000. (4) A penalty notice must— (a) state the amount of the penalty; (b) state the date, which must be at least 4 weeks after the date on which the notice is issued, by which the penalty must be paid; (c) specify the contravention or failure to which the notice relates; (d) notify the employer of the review process under section 43 and the right to make a reference under section 44 (as applied by section 53). (5) Section 42 (penalty notices: recovery) applies to a penalty payable under this section, and to a notice under this section, as it applies to a penalty payable under section 40, and to a notice under that section.
52 Penalty notices
(1) The Regulator may issue a penalty notice to an employer if the Regulator is of the opinion that the employer— (a) has contravened section 50, or (b) has failed to comply with a compliance notice under section 51. (2) A penalty notice is a notice requiring the person to whom it is issued to pay a penalty within the period specified in the notice. (3) The penalty— (a) is to be determined in accordance with regulations, and (b) must not exceed £50,000. (4) A penalty notice must— (a) state the amount of the penalty; (b) state the date, which must be at least 4 weeks after the date on which the notice is issued, by which the penalty must be paid; (c) specify the contravention or failure to which the notice relates; (d) notify the employer of the review process under section 43 and the right to make a reference under section 44 (as applied by section 53). (5) Section 42 (penalty notices: recovery) applies to a penalty payable under this section, and to a notice under this section, as it applies to a penalty payable under section 40, and to a notice under that section.
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