Financial Services Act 2012

92Penalties

This section has no associated Explanatory Notes

(1)A person guilty of an offence under this Part is liable—

(a)on summary conviction, to imprisonment for a term not exceeding the applicable maximum term or a fine not exceeding the statutory maximum, or both;

(b)on conviction on indictment, to imprisonment for a term not exceeding 7 years or a fine, or both.

(2)For the purpose of subsection (1)(a) “the applicable maximum term” is—

(a)in England and Wales, 12 months (or 6 months, if the offence was committed before the commencement of section 154(1) of the Criminal Justice Act 2003);

(b)in Scotland, 12 months;

(c)in Northern Ireland, 6 months.