Part 3: The Pensions Regulator Financial penalties Section 115: Financial penalties 88C Financial penalties: recovery
Subsection (1) of new section 88C provides that a penalty under new section 88A is recoverable by the Regulator.
	Subsection (2) states that in England and Wales, the new financial penalty is, if the county court orders, recoverable under section 85 of the County Courts Act 1984.
	Subsection (3) states that in Scotland, the new financial penalty is enforceable as if it were an order issued by the sheriff court.
	Subsection (4) stipulates that the Regulator must pay any recovered penalties into the Consolidated Fund.