29(1)The regulations may provide that a person is liable to a financial or other penalty if the person fails to comply with the requirements of a trading scheme.E+W+S+N.I.
(2)The regulations may—
(a)specify the amount of any financial penalty, or
(b)provide for the amount of any financial penalty to be determined in accordance with the regulations.
(3)If the regulations provide for financial penalties to be payable to a person other than a national authority, they must provide for that person to pay the sums received to the national authority or authorities specified in or determined in accordance with the regulations.