Dubai, June 22 -- England have been penalised 12 points in the World Test Championship (WTC) standings and fined 50 per cent of their match fees for maintaining a slow over rate during the second Test against New Zealand at The Oval.

The sanction comes after England were found to be 12 overs short of the required target after time allowances were taken into account. Under WTC regulations, teams lose one championship point for every over they fall short, resulting in a 12-point deduction.

According to ESPNcricinfo, the punishment effectively wipes out the 12 points England earned from their victory in the opening Test at Lord's.

In addition to the points penalty, England players were fined five per cent of their match fees for each over...