407. Default in sending out copies of accounts and auditor's report: contraventions

(1) If default is made in complying with section 405 (duty to circulate copies of annual accounts and auditor's report), a contravention of the Companies Regulations is committed by —
(a) the LLP, and
(b) every member of the LLP who is in default.
(2) A person who commits the contravention referred to in subsection (1) shall be liable to a fine of up to level 4.