SCHEDULES
SCHEDULE 3EEA Passport Rights
Part III Exercise of Passport Rights by UK Firms
Offence relating to exercise of passport rights
21
(1)
If a UK firm which is not an authorised person contravenes the prohibition imposed by—
(a)
sub-paragraph (1) of paragraph 19, or
(b)
sub-paragraph (1) or (5) of paragraph 20,
it is guilty of an offence.
(2)
A firm guilty of an offence under sub-paragraph (1) is liable—
(a)
on summary conviction, to a fine not exceeding the statutory maximum; or
(b)
on conviction on indictment, to a fine.
(3)
In proceedings for an offence under sub-paragraph (1), it is a defence for the firm to show that it took all reasonable precautions and exercised all due diligence to avoid committing the offence.