SCHEDULES

SCHEDULE 3Authorisation : Supplementary Provisions

PART IIAuthorisation

Offences in connection with application

3

1

Any building society which furnishes any information or makes any statement which is false or misleading in a material particular in connection with an application for authorisation shall be liable, on conviction on indictment or on summary conviction, to a fine which, on summary conviction, shall not exceed the statutory maximum.

2

Any person who knowingly or recklessly furnishes any information or makes any statement which is false or misleading in a material particular in connection with an application for authorisation shall be liable—

a

on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or both; or

b

on summary conviction, to a fine not exceeding the statutory maximum.