The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 No. 79

PART 1 N.I. General

Civil penalties relating to occupational pension schemes N.I.

5.  Where in relation to an occupational pension scheme a person fails without reasonable excuse to comply with any requirement imposed under these Regulations, the Regulator may, by notice in writing, require that person to pay, within 28 days, a penalty that must not—

(a) in the case of an individual, exceed £5,000, and

(b) in any other case, exceed £50,000.

Commencement Information

I1 Reg. 5 in operation at 6.4.2014, see reg. 1(1)