Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 s 73

s 73 Composition of offences

73.—(1) The Authority may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding one half of the amount of the maximum fine that is prescribed for the offence. (2) On payment of the sum of money, no further proceedings may be taken against that person in respect of the offence. (3) The Authority may make regulations to prescribe the offences which may be compounded. (4) All sums collected under this section must be paid into the Consolidated Fund.[31/2018]