# The Bank Accounts Directive (Miscellaneous Banks) Regulations 1991, Regulation 7: Penalties for non-compliance


(1) If a body of persons to which these Regulations apply fails to comply with Regulation 5 it is guilty of an offence and liable on summary conviction to a fine not exceeding the statutory maximum.
(2) Sections 733(2) and (3) and 734(1) to (4) and (6) of the 1985 Act shall apply to an offence under paragraph (1) as they do to an offence under section 394A(1) of that Act.

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Source: https://www.legislation.gov.uk/uksi/1991/2704/regulation/7 (the official version)
Page: https://openlegislation.uk/bank-accounts-directive-miscellaneous-banks-regulations-1991/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.