In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd.

The Telecommunications (Security) Bill will boost the security standards in the UK’s telecommunication networks and remove threat of high-risk vendors, said the government.

In July, Britain decided to ban of Huawei equipment from its 5G networks from the end of 2027 citing security concerns. The Telecommunications (Security) Bill is aimed to enshrine that decision in law and manage any risks from other high-risk vendors in the future.

In a statement, digital Secretary Oliver Dowden said the benefits of 5G and fiber networks could be more fully realized if they were secure and resilient.

“This groundbreaking bill will give the UK one of the toughest telecoms security regimes in the world and allow us to take the action necessary to protect our networks,” said Dowden.

The tough security standards in the bill will help protect the country from potential cyber attacks from criminal and state backed actors.

Regulator Ofcom will be given the duty of monitoring and assessing the security of telecoms providers.