PART 7Offences relating to financial services

I192Penalties

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 F110 years or a fine, or both.

2

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

a

in England and Wales, F3the general limit in a magistrates’ court (or 6 months, if the offence was committed before F22 May 2022);

b

in Scotland, 12 months;

c

in Northern Ireland, 6 months.