# Building Societies Act 1986, Paragraph 3

Extent: E+W+S+N.I.

(1) Any building society which furnishes any information or makes any statement which is false or misleading in a material particular in connection with an application for authorisation shall be liable, on conviction on indictment or on summary conviction, to a fine which, on summary conviction, shall not exceed the statutory maximum.
(2) Any person who knowingly or recklessly furnishes any information or makes any statement which is false or misleading in a material particular in connection with an application for authorisation shall be liable—
(a) on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or both; or
(b) on summary conviction, to a fine not exceeding the statutory maximum.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.