Part 1: Public Protection Requirements Monetary penalties: sections 17 to 23 Section 18: Maximum amount of a non-compliance penalty
This section sets out that:
the maximum amount of non-compliance penalty for failing to comply with a notice issued under paragraph 3(1)(b) of Schedule 3 (requirement to attend an interview) is £5,000,
for all other contraventions in relation to standard duty premises, the maximum amount of a non-compliance penalty is £10,000; and
for all other contraventions in relation to enhanced duty premises or a qualifying event, the maximum amount of a non-compliance penalty is the greater of:
£18 million, or
5% of the person’s qualifying worldwide revenue for the most recent complete accounting period (if they have an accounting period).
	If the relevant accounting period is less than 1 year in duration, the amount is to be proportionately increase whereas, if the relevant accounting period is more than 1 year, the amount is to be proportionately reduced.
	The maximum amounts above may be amended by regulations made by the Secretary of State, and the applicable parliamentary procedure is set out in section 35.
	The Security Industry Authority must:
produce a statement that sets out how it will determine a person’s qualifying worldwide revenue for these purposes;
consult the Secretary of State before producing the statement;
publish the statement and send a copy to the Secretary of State, who will lay a copy before Parliament; and
keep the statement under review.
	The requirements in respect of consultation, publication and laying before Parliament apply to a revised or replacement statement as well as the first statement produced.