Paragraph 1

Any person who contravenes any provision of any order made under this Act shall be liable —

(a)

On summary conviction to imprisonment for not more than three months or to a fine not exceeding five hundred pounds or to both such imprisonment and such fine; or

(b)

on convivction on indictment to imprisonment for not more than two years or to a fine not exceeding whichever is the highest of the following amounts—

(i)

five hundred pounds;or

(ii)

the amount of any money borrowed or raised by the transaction in question;or

(iii)

the nominal or market value, whichever is the greater, of any securities to the issue, sale or other disposal of which (whether actual or projected) the transaction in question relates,

or to both such imprisonment and such fine.

Notes on the whole Act

Textual amendments

F1: Act repealed (11.2.1991) by Government Trading Act 1990 (c. 30), s. 4(2), Sch. 2 Pt. I; S.I. 1991/132, art. 2