Notice of intent
2.—(1) Where a regulator proposes to impose a fixed monetary penalty on a person, the regulator must serve on that person a notice of what is proposed (a “notice of intent”).
(2) The notice of intent must include—
(a)the grounds for the proposal to impose the fixed monetary penalty;
(b)the amount of the penalty;
(c)a statement that liability for the penalty can be discharged by paying 50% of the penalty within 28 days beginning with the day on which the notice was received;
(d)information as to—
(i)the effect of that discharge payment;
(ii)the right to make representations and objections within 28 days beginning with the day on which the notice of intent was received;
(iii)the circumstances in which the regulator may not impose the requirement (including any defences relating to the offence in relation to which the notice is served).