What does “a fine of the statutory maximum” mean where it is stated as the penalty for an offence under an SI?

ยฃ5, 000. This is likely to be raised in due course as personal incomes rise.

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For what offences can a shipmaster be fined up to ยฃ250,000 on summary conviction in a UK court?

What are the current monetary sums on the Standard Scale of Fines?