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.