The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Rule 248

SCHEDULEE+WPunishment of offences

Commencement Information

I1Sch. in force at 12.11.2021, see rule 2

Rule creating offenceGeneral nature of offenceMode of prosecutionPunishment

Daily default fine (where applicable)

Rule 88

Administrator failing to send a progress report

SummaryLevel 3 on the standard scaleOne-tenth of level 3 on the standard scale
Rule 181

Failure to comply with administrator’s duties on vacating office

SummaryLevel 3 on the standard scaleOne-tenth of level 3 on the standard scale
Rule 247

False representation of status for purpose of inspecting documents

1. On indictment

2 years imprisonment or a fine, or both

2. Summary6 months imprisonment, or a fine, or both