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28
NO. 3 OF 2020


(6) Any revocation, or shortening of the term, of any licence, or any direction issued under this section, does not affect—

(a) the enforcement by any person of any right or claim against the licensee or former licensee, as the case may be; or
(b) the enforcement by the licensee or former licensee (as the case may be) of any right or claim against any person.

(7) Where any financial penalty is imposed on a licensee under section 20(2)(b)(viii) for contravening or not complying with any matter in section 20(1)(b), any security deposit given by the licensee under section 19 or 20(2)(b)(iii) to secure compliance by the licensee with the matter must not be forfeited by the Director for that contravention or non-compliance except to the extent necessary to pay the financial penalty.

(8) A licensee that fails to pay any amount of a financial penalty imposed under section 20(2)(b)(viii) within the period specified for payment by the Director under that sub-paragraph is liable to pay interest at the same rate as for a judgment debt on the unpaid amount.

(9) If the financial penalty imposed under section 20(2)(b)(viii) in relation to any regulatory action taken by the Director exceeds the total amount of the security deposit placed by the licensee under sections 19 and 20(2)(b)(iii), the amount of the excess is a debt due to the Government.

(10) All financial penalties collected under section 20 must be paid into the Consolidated Fund.

Register of licensees

22. The Director must cause to be kept and maintained a register of licensees in the form and manner and containing the information that the Director thinks fit.