PART 3Functions of the FCA in relation to proxy advisors
Misleading the FCAI118
1
A person must not provide information to another person—
a
knowing or being reckless as to whether the information is false or misleading in a material particular; and
b
knowing that the information is to be provided to, or used for the purpose of providing information to, the FCA in connection with the discharge of any of its functions under these Regulations or under the Act as applied by these Regulations.
2
A person who contravenes paragraph (1) is guilty of an offence.
3
A person who is guilty of an offence under this regulation is liable—
a
on summary conviction—
i
in England and Wales, to a fine;
ii
in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum; or
b
on conviction on indictment, to a fine.