Part 1: Registration of Overseas Entities Financial penalties Section 39: Financial penalties
This section confers a power on the Secretary of State to make regulations which provide that the Registrar has the power to impose financial penalties on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to an offence under Part 1.
	Subsection (1) enables the Secretary of State to make provision by regulations to confer the power on the Registrar to impose financial penalties.  Regulations made under this section are subject to the affirmative resolution procedure (subsection (7)).
	Subsection (2) states that regulations concerning enforcement of financial penalties may, in cases where the penalty is unpaid, place some form of charge over the on the interest in land (with appropriate wording according to the jurisdiction of the UK the provision applies to).
	Subsection (3) states that unpaid amounts may be secured by a charge on an interest in land.
	Subsection (4) states that regulations must provide that no financial penalty may be imposed in respect of conduct amounting to an offence under Part 1 if the person has been convicted of that offence in respect of that conduct. Subsection (4) also provides that regulations must provide that no proceedings may be brought or continued against a person in respect of conduct amounting to an offence if the person has been given a financial penalty under the regulations in respect of that conduct.
	Amounts recovered by the Registrar are paid into the Consolidated Fund (subsection (5))
	Subsection (6) explains that regulations made under this section, by virtue of subsection 62(3) (regulations may make: supplementary, incidental, consequential, transitional and saving provisions) may amend primary legislation, an Act of the Scottish Parliament, and Northern Ireland legislation.
	Subsection (8) states in this section conduct means an act or omission.