1. Section 96 of the 2007 Act (appeals against financial penalties) has effect in relation to a penalty imposed by the Institute as if—
(a)in subsection (1), “, before the end of such period as may be prescribed by rules made by the Board,” were omitted;
(b)subsections (6) and (7) were omitted; and
(c)for subsection (8) there were substituted—
“(8) Except as provided by this section or Part 1 of the Tribunals, Courts and Enforcement Act 2007(1), the validity of a penalty is not to be questioned by any legal proceedings whatever.”.