Section 27 Liability of senior managerI1

England, Wales and Scotland Not yet in force

(1)

If—

(a)

an individual (“A”) is a relevant senior manager of a relevant entity (“B”),

(b)

B commits an offence under section 20 or 24, and

(c)

A consents to or connives in the commission of the offence by B,

A also commits the offence.

(2)

A is a “relevant senior manager” of B if A plays a significant role in making decisions about how—

(a)

the activities of B as a whole, or

(b)

the relevant activities of B,

are managed or organised.

(3)

In subsection (2)(b), “the relevant activities” means the activities to which the relevant information relates; and in this subsection “the relevant information” means the information to which the offence mentioned in subsection (1)(b) relates.

(4)

In subsection (1), “relevant entity” means—

(a)

a body corporate,

(b)

a partnership, or

(c)

a firm or other entity similar in nature to a partnership established under a foreign law.

Annotations

Commencement

I1: S. 27 not in force at Royal Assent, see s. 99(1)