Deposit Protection Act · s 70

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s 70Compounding of offences

(1)

The Corporation may, without instituting proceedings against any person for any offence under this Act, or any regulations made thereunder, which is punishable only by a fine or a penalty, demand and receive the amount of the fine or penalty or such reduced amount as it thinks fit from that person.

(2)

If that person —

(a)

pays that amount to the Corporation within 14 days after the demand, no proceedings shall be taken against him in relation to the offence; or

(b)

does not so pay the amount so demanded, the Corporation may cause proceedings to be instituted in relation to the offence.