Section 1098G | Power to impose duties to provide information ^F1

(1)The Secretary of State may by regulations require a person who is or has been an authorised corporate service provider to provide information to the registrar in accordance with the regulations (including information for the purpose of monitoring compliance with the requirements of this Act).

(2)The provision that may be made by regulations under subsection (1) includes provision requiring information to be provided on request, on the occurrence of an event or at regular intervals.

(3)The circumstances that may be specified under section 1098F(2) include failure to comply with a requirement under subsection (1).

(4)Regulations under this section may create offences in relation to failures to comply with requirements imposed by the regulations.

(5)The regulations must provide for any such offence to be punishable on summary conviction—

(a)in England and Wales with a fine;

(b)in Scotland or Northern Ireland, with a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.

(6)The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar.

(7)Regulations under this section are subject to affirmative resolution procedure.