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The £50/£250m limits were provided for in the LSA 2007 to deter potential abuse of the ABS regime by big business. I cannot recall a single SRA-imposed fine on an ABS in the 9 years since ABSs went live. (Someone will no doubt point one out for me, but there has certainly been nothing substantial.) Any change should be justified by evidence.

It is also worth noting that this is a back door route to introducing the civil standard of proof.

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