International Insurance and Takaful Order, 2002 · s 66

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s 66Power of Authority to compound

The Authority may, without instituting proceedings against any person for any offence under this Order which is punishable only by a fine, demand and receive the amount of the fine or such reduced amount as the Authority thinks fit from that person, whereupon

(a)

if that person pays the amount to the Authority within 14 days after the demand, no proceedings shall be taken against him in relation to that offence; and

(b)

if that person does not pay the amount so demanded, the Authority may cause proceedings to be instituted in relation to that offence.