Commentary on Sections Schedule 7: Enactments specified for the purpose of section 62 Section 69: Payment of penalties into Consolidated Fund etc
176.Section 69 provides that any monetary penalty, including any additional late payment or interest charges, or any discharge payment made under section 40 received by the regulator must be paid into the Consolidated Fund. This section requires the payment of such monies to the Consolidated Funds for Scotland, Northern Ireland and Wales, where appropriate.