Part 1: Master Trusts Chapter 4: On-going supervision of Master Trusts Section 17: Fixed penalty notice for failure to comply with request for information
Section 17 gives the Pensions Regulator a power to impose a fixed penalty on any person who has failed to provide information requested in a notice issued under section 72 of the Pensions Act 2004 for the purpose of the Pensions Regulator’s functions under this Part of the Act.
	Subsection (3) provides that the penalty, which must not be more than £50,000, is to be determined in accordance with regulations.
	Subsection (4) sets out requirements for what a fixed penalty notice must contain. These include the amount of the penalty, the date by which the penalty must be paid, the period and failure to which the penalty relates, and details of how to appeal the penalty.
	The provision mirrors the provision in section 40 of the Pensions Act 2008 where there is a failure to provide information in relation to automatic enrolment. Subsection (5) applies provisions from the Pensions Act 2008 relating to the recovery and review of penalty notices and their referral to a Tribunal.
	Subsection (6) provides that any regulations made under this section are subject to the negative resolution procedure.