Prospective

21extent U.K. + Penalty notices: contents, procedure, variation and withdrawalU.K.

section 21 1 + (1)A penalty notice must contain the following information—

section 21 1 a + (a)the reasons for giving the notice;

section 21 1 b + (b)the amount of the non-compliance penalty;

section 21 1 c + (c)the amount of any daily penalty;

section 21 1 d + (d)how payments may be made;

section 21 1 e + (e)the period within which payments must be made;

section 21 1 f + (f)the rights of appeal under section 22;

section 21 1 g + (g)the consequences of failing to pay the penalty.

section 21 2 + (2)Before giving a penalty notice to a person, the Security Industry Authority must give the person an opportunity to make representations about the proposed notice.

section 21 3 + (3)The Security Industry Authority may vary or withdraw a penalty notice by giving notice of the variation or withdrawal to the person to whom the notice was given.

section 21 4 + (4)A penalty notice may not be varied so as to—

section 21 4 a + (a)increase the amount of the non-compliance penalty or any daily penalty,

section 21 4 b + (b)shorten the period within which the non-compliance penalty or any daily penalty must be paid, or

section 21 4 c + (c)require the payment of daily penalties not already provided for in the notice.