Sinn Féin MLA Gerry Kelly has said he regrets removing a clamp from his car.
The 64-year-old was interviewed by police about the incident, which happened at Cathedral Quater in Belfast on Friday.
Footage of the incident - which appears to show Gerry Kelly using bolt cutters to remove the wheel clamp - has been circulating on social media.
In a statement on Monday, the politician said he had made an “on-the-spot” decision which he now regrets.
“I have contacted the company and paid the fine,” Mr Kelly added. “The issue has now been resolved.”
He explained that he had just left the gym at 8am to go to the Stormont talks when he discovered his car had been clamped.
Gerry Kelly went on: “I phoned the number on the notice and the only response I got was music. I then went in to the Mac and asked had they another number for the company.
“I immediately rang that number and this number was out of use. I was under pressure to get to the talks meetings
“I remembered that the gym had a set of bolt cutters and I borrowed them.”
Mr Kellly said: “Let me add that staff at the gym were not aware what I was using the bolt cutters for. I then removed the clamp.
“I made an on-the-spot decision which was I now regret. I have contacted the company and paid the fine. The issue has now been resolved.”