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9The grounds for an appeal under paragraph 8 are—
(a)that, in the circumstances of the case—
(i)it was not appropriate to impose the penalty, or
(ii)the amount of the penalty is excessive,
(b)that the date specified under paragraph 6(3)(c)(iii) is unreasonable,
(c)that the other arrangements for payment are unreasonable, including—
(i)the absence of any provision for payment by instalments, or
(ii)any provision for payment by instalments that has been allowed,
(d)that—
(i)the penalty was imposed otherwise than in accordance with this schedule, and
(ii)the approved regulator’s interests have been substantially prejudiced as a result.
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