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PART 7 U.K.Offences relating to financial services

92PenaltiesU.K.

(1)A person guilty of an offence under this Part is liable—

(a)on summary conviction, to imprisonment for a term not exceeding the applicable maximum term or a fine not exceeding the statutory maximum, or both;

(b)on conviction on indictment, to imprisonment for a term not exceeding 7 years or a fine, or both.

(2)For the purpose of subsection (1)(a) “the applicable maximum term” is—

(a)in England and Wales, 12 months (or 6 months, if the offence was committed before the commencement of [F1paragraph 24(2) of Schedule 22 to the Sentencing Act 2020]);

(b)in Scotland, 12 months;

(c)in Northern Ireland, 6 months.

Textual Amendments

Commencement Information

I1S. 92 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.