(1)Practice rules made in pursuance of section 18(1)(f) may provide for the imposition of a financial penalty.
(2)A financial penalty provided for by virtue of subsection (1) must not exceed the maximum amount permitted by the Scottish Ministers when giving their approval under section 7.
(3)A financial penalty imposed by virtue of this section is payable to the Scottish Ministers (but the approved regulator may collect it on their behalf).
(4)A licensed provider may appeal against a financial penalty (or the amount of a financial penalty) imposed on it by virtue of this section—
(a)to the sheriff,
(b)within the period of 3 months beginning with the date on which the penalty is intimated to it.
(5)Where an appeal is made under subsection (4), no part of the penalty requires to be paid before the appeal is determined or withdrawn.