(1)  In this section –

infringement offence means an offence against this Act or the regulations made under this Act that is prescribed by the regulations to be an infringement offence.

(2)  The regulator, or a person authorised by the regulator, may issue and serve an infringement notice on a person if the regulator, or person so authorised, reasonably believes that the person has committed an infringement offence.

(3)  An infringement notice may not be served on an individual who has not attained the age of 16 years.

(4)  An infringement notice –

(a) is to be in accordance with section 14 of the Monetary Penalties Enforcement Act 2005 ; and

(b) is not to relate to more than 3 offences.

(5)  The regulations –

(a) may prescribe, for infringement offences, the penalties payable under infringement notices; and

(b) may prescribe different penalties for bodies corporate and individuals.