MLR1PP14400 - Penalties guidance: how to issue compliance penalties: quick guide

Actions:

issue the pre-penalty notice and calculation statement (once authorised by Countersigning Officer)
BF for 30 days
issue the penalty notice and any revised calculation statement following acceptable comments. (Once authorised by Countersigning Officer)
advise the Registration Team, who is responsible for input action to DTR for any penalties. Send them a copy of the penalty notice, penalty calculation statement, and the input form
monitor and review any trader’s reply to the penalty notice, and act accordingly
if there is no Review request or Appeal, update businesses folder and arrange a follow up visit (within preferably 4 - 6 months)
update the RTT about the outcome

Points to consider:

MLR1 Penalties Guidance