In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
International Insurance and Takaful Order, 2002 · As enacted
Official textFrom Attorney General's Chambers, unchanged
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
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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
if that person does not pay the amount so demanded, the Authority may cause proceedings to be instituted in relation to that offence.