UK Statutory Instrument SI 2017/395 United Kingdom

The Reporting on Payment Practices and Performance Regulations 2017

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader4

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.003 Duty to publish information on payment practices, policies and performance Regulated
  • Publish report on payment practices and performance each reporting periodTrader
s.004 Approval of the information Regulated
  • Director must approve payment reports before publicationTrader
26 other provisions — procedural and definitional
sch. para. 11 Payment performance
sch. para. 12 Approval
sch. para. 4 Dispute resolution
s.001 Citation and commencement
s.001 For the purposes of regulation 3(1)(a), the information in relation... (opens in a new tab)
s.002 Interpretation
s.002 Information on payment terms (opens in a new tab)
s.003 A description of the maximum payment period specified in a... (opens in a new tab)
s.005 Companies to which the duty applies
s.005 Payment practices and policies (opens in a new tab)
s.006 Contracts to which the information relates
s.006 Construction contracts to which the information in Schedule 2 relates
s.006 A statement as to whether the qualifying company’s payment practices... (opens in a new tab)
s.007 Periods in relation to which information must be published
s.007 A statement as to whether the qualifying company is a... (opens in a new tab)
s.008 Failure to publish a report
s.008 A statement as to whether the qualifying company’s payment practices... (opens in a new tab)
s.009 False statement offence
s.009 Payment performance (opens in a new tab)
s.010 Summary proceedings: time limit for proceedings
s.010 In relation to the payments under qualifying contracts that fall... (opens in a new tab)
s.010 In relation to the payments under qualifying contracts that fall...
s.010 In relation to the payments under qualifying contracts that fall...
s.011 Review
s.013 Interpretation (opens in a new tab)
s.014 For the purposes of this Schedule— (a) a payment falls... (opens in a new tab)
Schedules

Schedules

2 of 13 shown
s.sch002 Approval Regulated
  • Include name of approving director in payment practices reportTrader
s.sch002 A statement as to which of the following apply— Regulated
  • Report which retention clause arrangement applies to your construction contractsTrader
11 other schedules
s.sch002 Introduction
s.sch002 (1) A statement, expressed as a percentage calculated in accordance...
s.sch002 (1) A statement, expressed as a percentage calculated in accordance...
s.sch002 Interpretation
s.sch002 Information on retention clauses
s.sch002 Where a qualifying company makes a statement that paragraph 2(b)...
s.sch002 Where the qualifying company makes a statement that paragraph 4(c)...
s.sch002 A statement as to whether there is—
s.sch002 Where the qualifying company makes a statement that—
s.sch002 A description of the mechanism or process for the release...
s.sch002 The description referred to in paragraph 8 must include information...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.