CH194960 - Electronic sales suppression: penalty for making, supplying or promoting an electronic sales suppression tool: reductions for disclosure: quality of disclosure: penalty calculation
Step 1
Calculate the percentage for the quality of the disclosure (a), following the guidance at CH194570.
Step 2
Having established the complexity of electronic sales suppression and whether the disclosure was unprompted or prompted, identify
- the maximum penalty (b)
- the minimum penalty (c)
The maximum and minimum penalties (the penalty range) is shown in the table of penalty ranges at CH194660.
Then calculate the maximum disclosure reduction (d).
(d) = (b) – (c)
Step 3
Calculate the actual reduction percentage for disclosure (e) by multiplying the maximum disclosure reduction (d) by the percentage for the quality of disclosure (a).
Actual reduction percentage for disclosure (e) = (d) x (a)
Step 4
Calculate the penalty percentage (f) by deducting the actual reduction percentage for disclosure (e) from the penalty maximum (b).
Penalty percentage to be charged (f) = (b) – (e)