PART 2

Further functions of the OGA relating to offshore petroleum
CHAPTER 5

Sanctions

Sanction notices

Amount of financial penalty
45
1
The financial penalty payable under a financial penalty notice in respect of a failure to comply with a petroleum-related requirement (whether payable by one person, or jointly by two or more persons) must not exceed £1 million.
2
The OGA must—
a
issue guidance as to the matters to which it will have regard when determining the amount of the financial penalty to be imposed by a financial penalty notice, and
b
have regard to the guidance when determining the amount of the penalty in any particular case.
3
The OGA may from time to time review the guidance and, if it considers appropriate, revise it.
4
Before issuing or revising guidance under this section, the OGA must consult such persons as it considers appropriate.
5
The OGA must lay any guidance issued under this section, and any revision of it, before each House of Parliament.
6
The OGA must publish any guidance issued under this section, and any revision of it, in such manner as the OGA considers appropriate.
7
The Secretary of State may by regulations amend subsection (1) to change the amount specified to an amount not exceeding £5 million.
S. 45 in force at 1.10.2016 by S.I. 2016/920, reg. 2(b)