(1)A penalty imposed under section 110(1) or (3) shall be of such amount as the Commission considers appropriate.
(2)The amount may, in the case of a penalty imposed under section 110(1), be a fixed amount, an amount calculated by reference to a daily rate or a combination of a fixed amount and an amount calculated by reference to a daily rate.
(3)The amount shall, in the case of a penalty imposed under section 110(3), be a fixed amount.
(4)No penalty imposed under section 110(1) shall—
(a)in the case of a fixed amount, exceed such amount as the Secretary of State may by order specify;
(b)in the case of an amount calculated by reference to a daily rate, exceed such amount per day as the Secretary of State may so specify; and
(c)in the case of a fixed amount and an amount calculated by reference to a daily rate, exceed such fixed amount and such amount per day as the Secretary of State may so specify.
(5)In imposing a penalty by reference to a daily rate—
(a)no account shall be taken of any days before the service of the notice under section 112 on the person concerned; and
(b)unless the Commission determines an earlier date (whether before or after the penalty is imposed), the amount payable shall cease to accumulate at the beginning of—
(i)the day on which the requirement of the notice concerned under section 109 is satisfied or (as the case may be) the obstruction or delay is removed; or
(ii)if earlier, the day on which the report of the Commission on the reference concerned is published (or, in the case of a report under section 50 or 65, given) or, if no such report is published (or given) within the period permitted for that purpose by this Part, the latest day on which the report may be published (or given) within the permitted period.
(6)No penalty imposed under section 110(3) shall exceed such amount as the Secretary of State may by order specify.
(7)An order under subsection (4) or (6) shall not specify—
(a)in the case of a fixed amount, an amount exceeding £30,000;
(b)in the case of an amount calculated by reference to a daily rate, an amount per day exceeding £15,000; and
(c)in the case of a fixed amount and an amount calculated by reference to a daily rate, a fixed amount exceeding £30,000 and an amount per day exceeding £15,000.
(8)Before making an order under subsection (4) or (6) the Secretary of State shall consult the Commission and such other persons as he considers appropriate.