Part 1

Pension scheme membership for jobholders
Chapter 2

Compliance

Penalty notices

Penalty notices: recovery
42
1
Any penalty payable under section 40 or section 41 is recoverable by the Regulator.
2
In England and Wales, any such penalty is, if a county court so orders, recoverable under section 85 of the County Courts Act 1984 (c. 28) or otherwise as if it were payable under an order of that court.
3
In Scotland, a fixed penalty notice or escalating penalty notice is enforceable as if it were an extract registered decree arbitral bearing a warrant for execution issued by the sheriff court of any sheriffdom in Scotland.
4
The Regulator must pay into the Consolidated Fund any penalty recovered under this section.