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The Small and Medium Sized Business (Credit Information) Regulations 2015

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Changes over time for: Section 37

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Point in time view as at 01/01/2016.

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There are currently no known outstanding effects for the The Small and Medium Sized Business (Credit Information) Regulations 2015, Section 37. Help about Changes to Legislation

Proceedings for offenceU.K.

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37.—(1) Proceedings for an offence under regulation 34 (misleading the FCA) may be instituted—

(a)in England and Wales only by the FCA or by or with the consent of the Director of Public Prosecutions, or

(b)in Northern Ireland only by the FCA or by or with the consent of the Director of Public Prosecutions for Northern Ireland.

(2) In exercising its power to institute proceedings for an offence under regulation 34, the FCA must comply with any conditions or restrictions imposed in writing by the Treasury in relation to such proceedings.

(3) Conditions or restrictions may be imposed under paragraph (2) in relation to—

(a)proceedings generally; or

(b)such proceedings, or categories of proceedings, as the Treasury may direct.

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