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(1)Provision under section 46 conferring power on a regulator to serve a stop notice must provide that, where a person on whom a notice is served does not comply with it, the person is guilty of an offence and liable—
(a)on summary conviction, to a fine not exceeding £20,000, or imprisonment for term not exceeding twelve months, or both, or
(b)on conviction on indictment, to imprisonment for a term not exceeding two years, or a fine, or both.
(2)In the application of this section—
(a)in England and Wales, in relation to an offence committed before the commencement of section 154(1) of the Criminal Justice Act 2003 (c. 44), or
(b)in Northern Ireland,
the reference in subsection (1)(a) to twelve months is to be read as a reference to six months.
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