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The Electronic Money Regulations 2011
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- UK Statutory Instruments
- 2011 No. 99
- PART 7
- Offences
- Regulation 68
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The Electronic Money Regulations 2011, Section 68 is up to date with all changes known to be in force on or before 07 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 68:
- Regulations power to amend conferred by 2021 c. 22 s. 23
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Liability of officers of bodies corporate etcU.K.
This section has no associated Explanatory Memorandum
68.—(1) If an offence under these Regulations committed by a body corporate is shown—
(a)to have been committed with the consent or connivance of an officer; or
(b)to be attributable to any neglect on their part,
the officer as well as the body corporate is guilty of the offence and liable to be proceeded against and punished accordingly.
(2) If the affairs of a body corporate are managed by its members, paragraph (1) applies in relation to the acts and defaults of a member in connection with such member's functions of management as if the member were a director of the body.
(3) If an offence under these Regulations committed by a partnership is shown—
(a)to have been committed with the consent or connivance of a partner; or
(b)to be attributable to any neglect on their part,
the partner as well as the partnership is guilty of the offence and liable to be proceeded against and punished accordingly.
(4) If an offence under these Regulations committed by an unincorporated association (other than a partnership) is shown—
(a)to have been committed with the consent or connivance of an officer; or
(b)to be attributable to any neglect of such officer,
the officer as well as the association is guilty of the offence and liable to be proceeded against and punished accordingly.
(5) In this regulation—
“officer”—
(a)in relation to a body corporate, means a director, manager, secretary, chief executive, member of the committee of management, or a person purporting to act in that capacity; and
(b)in relation to an unincorporated association, means any officer of the association or any member of its governing body, or a person purporting to act in such capacity;
“partner” includes a person purporting to act as a partner.
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