Prospective

Part 4SMiscellaneous

Financial sanctionsS

83Financial sanctionsS

In section 19 (financial sanctions) of the 2010 Act, after subsection (3), insert—

(3A)Where an approved regulator collects a financial penalty imposed on a licensed provider by virtue of this section, then that approved regulator may—

(a)retain a sum to be deducted from the amount payable to the Scottish Ministers under subsection (3) in respect of any expenditure reasonably incurred by the approved regulator in collecting the penalty, or

(b)recover from the licensed provider any expenditure reasonably incurred by it in doing so.

(3B)At any time an approved regulator may discontinue collection of a financial penalty imposed by virtue of this section where the approved regulator considers it would not be reasonable in the circumstances for the approved regulator to attempt or continue to attempt collection.

(3C)Subsection (3B) does not prevent the approved regulator, in circumstances where it has discontinued attempts to collect a financial penalty, from resuming such attempts where the approved regulator considers it is reasonable in the circumstances to do so..

Commencement Information

I1S. 83 not in force at Royal Assent, see s. 103(3)