Enforcement of market information requests and orders
32.—(1) The CMA may impose a penalty on a person in accordance with Schedule 5 if the CMA considers that the person has, without reasonable excuse—
(a)provided incorrect or misleading information in response to a request for market information made under regulation 30(2);
(b)provided incorrect, incomplete or misleading information in response to a market information order made under regulation 31; or
(c)otherwise failed to comply with a requirement of a market information order made under regulation 31.
(2) The CMA must have regard to the statement of policy on penalties published under Schedule 5 in deciding whether and, if so, how to proceed under paragraph (1).
(3) If a person fails to comply with a request for market information or a market information order, the CMA may take a decision under regulation 11, 17 or 21 (as appropriate) on the basis of the information available to the CMA.
(4) The CMA must not impose a penalty under paragraph (1) if more than 4 weeks have passed since the date on which the CMA published its decision for the investigation concerned.
(5) However, paragraph (4) does not apply in relation to any variation or substitution of the penalty which is permitted by Schedule 5.
(6) Schedule 5, which relates to administrative penalties, has effect.