A G E N D A 1. APOLOGIES FOR ABSENCE Ian Metcalfe 2 ...

• how to make the payment;• the period within which payment must be made;• any discount for early payment; and• the rate of interest payable for late payment.The provider will have a minimum period of 28 days, as specified in schedule 11 of the Act, fromthe day after the final notice was received to pay a monetary penalty. A monetary penalty may notbe imposed unless the Notice of Intent was issued within five years of the last day of the period inwhich the licensee was in breach.Any financial penalty paid to Monitor will be transferred to the Government Consolidated Fund.Under schedule 11 of the Act, if the provider does not pay a monetary penalty imposed byMonitor within the specified time, interest may be payable and, in addition to any other action torecover these amounts due, Monitor may take action to collect the money, and any interest owed,through the civil courts as a civil debt.After the decisionUnder schedule 11 of the Act, Monitor has some freedom to change a discretionary requirementafter we have given a final notice. At that stage, Monitor may still:• withdraw the requirement;• reduce the amount of any variable monetary penalty;• extend the time allowed for paying the penalty; or• extend the time for taking steps specified in a compliance or restoration requirement.Although we are not required to do so, we expect that where Monitor has decided to take any ofthe above steps, we will always publish notices setting out the steps decided on and our reasonsfor taking any of these steps, unless the circumstances of the case would make thisinappropriate.The provider may appeal a decision to impose a discretionary requirement. This is explained inchapter 6.Page 32 of 50