MLR1PP8000 - Penalties Guidance: How to calculate penalties: contents

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The basic principles of our penalty framework

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The simplified framework for registration breaches

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Basic steps for calculating registration penalties

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The starting penalty for all other breaches

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The minimum starting penalty

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The additional starting penalty

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The additional starting penalty and different business sectors: Introduction

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The additional starting penalty and different business sectors: Continued

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The additional starting penalty for MSBs and HVDs

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Step 1: Identifying the breaches

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Step 2: Identifying the relevant period

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Step 3(1): Calculating the culpable turnover: Introduction

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Step 3(2): Calculating the culpable turnover: Two approaches

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Step 3(3): Calculating the culpable turnover: Considering determinations

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Step 4(1): Determinations of culpable turnover: Introduction

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Step 4(2): Determinations of culpable turnover: Different methods

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Step 4(3): Determinations of culpable turnover: Method 1

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Step 4(4): Determinations of culpable turnover: Method 2

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Step 4(5): Determinations of culpable turnover: Methods3 and 4

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Step 5: The total starting penalty

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The additional starting penalty for TCSPs and ASPs

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The additional starting penalty for TCSPs and ASPs: Continued

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Step 1: Identifying the breaches

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Step 2: Identifying the relevant period

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Step 3(1): Calculating the additional starting penalty: Introduction

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Step 3(2): Calculating the additional starting penalty: Stage 1

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Step 3(3): Calculating the additional starting penalty: Stage 2

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Step 3(4): Calculating the additional starting penalty: Stage 3

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Step 3(5): Calculating the additional starting penalty: Stage 4

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Step 4: Identifying relevant clients

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Step 5: The additional scale charge

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Step 6: The cumulative scale charge

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Scale charge tables for TCSPs and ASPs

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Applying the scale charges

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Step 7(1): Determinations of the additional starting penalty: Introduction

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Step 7(2): Determinations of the additional starting penalty: Continued

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Step 8:The total starting penalty

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The maximum penalty or penalty cap: Introduction

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The maximum penalty or penalty cap: Continued

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Defining gross profit

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Defining direct costs

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Determinations of gross profit

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Alternative methods of calculating a penalty for multiple breaches: Introduction

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Alternative methods of calculating a penalty for multiple breaches

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Method 1: The single or standard penalty method

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Method 2: The separate or multiple penalty method