Part 3: Enforcement and appeals Section 41: Permitted maximum penalties
Subsections (1) to (7) of section 41 set out the maximum monetary penalties that the Secretary of State may impose for different offences under the Act. They specify the maximum fixed penalty and, if applicable, the maximum daily rate penalty. In relation to the offences of completing a notifiable acquisition without approval and failing to comply with an order, there are different maximum penalties for businesses and non-businesses. In relation to businesses, the maximum penalties are, depending on the offence, either a specified amount or a percentage of the worldwide turnover of the business and of any businesses it owns or controls.
	Pursuant to subsections (8) and (9) the Secretary of State may by regulations specify how to calculate the maximum penalty applicable in any case (for example, how to determine the turnover of a business), or amend any of the maximum penalty amounts or percentage rates specified in subsections (1) to (7).
	Section 63 provides for the parliamentary procedure to be used for regulations under the Act. Regulations under section 41 must be laid in draft before Parliament and approved by both Houses of Parliament before they may be made.