I am expecting some sort of statement will be issued before the hearing stating that no further action will be taken, i suspect we will give the PL a way to save face to an extent and we will get some punishment for failing to co-operate.
Something along the lines of, City were found not to have broken the rules but could have brought this to an earlier conclusion if they had provided the information required, as such a settlement of £xxx million has been agreed for non-co-operation, and this will close the matter in full.
In effect clears us of wrongdoing but also allows the PL to save face.