Prospective

20extent U.K. + Determining the amount of a penaltyU.K.

section 20 1 + (1)A non-compliance penalty or daily penalty imposed on a person by a penalty notice must be of an amount that the Security Industry Authority considers to be—

section 20 1 a + (a)appropriate, and

section 20 1 b + (b)proportionate to the contravention in respect of which it is imposed.

section 20 2 + (2)In determining the amount of a penalty to be imposed on a person by a penalty notice, the Security Industry Authority must take into account the following matters (in addition to any other matters it considers relevant)—

section 20 2 a + (a)the effects of the contravention in respect of which the penalty is imposed;

section 20 2 b + (b)any action taken by the person to remedy the contravention or mitigate its effects;

section 20 2 c + (c)the ability of the person to pay the penalty.