15Power to impose monetary penalties
This section has no associated Explanatory Notes
(1)The OfS may impose a monetary penalty on a registered higher education provider if it appears to the OfS that there is or has been a breach of one of its ongoing registration conditions.
(2)A “monetary penalty” is a requirement to pay the OfS a penalty of an amount determined by the OfS in accordance with regulations made by the Secretary of State.
(3)The Secretary of State may by regulations make provision about matters to which the OfS must, or must not, have regard in exercising its power under subsection (1).
(4)Schedule 3 contains provision about—
(a)the procedure for imposing a monetary penalty,
(b)rights of appeal,
(c)the recovery of the penalty and interest, and
(d)the retention of sums received.