Appendix 3: Contraventions and financial penalties

For the purpose of these Insolvency Rules, the table below sets out the maximum financial penalties applied for a contravention of the Insolvency Regulations stipulated in these Rules.

Article creating contravention General nature of contravention Maximum financial penalty
3.3 Making an application for strike-off when prohibited USD 10,000
3.5 Failure to withdraw strike-off application USD 10,000