Part 7The Office of Qualifications and Examinations Regulation
Chapter 2Functions in relation to qualifications
Recognised bodies: monitoring and enforcement
F1151BMonetary penalties: amount
(1)
The amount of a monetary penalty imposed on a recognised body under section 151A must not exceed 10% of the body's turnover.
(2)
The turnover of a body for the purposes of subsection (1) is to be determined in accordance with an order made by the Secretary of State.
(3)
Subject to subsection (1), the amount may be whatever Ofqual decides is appropriate in all the circumstances of the case.