Regulation 10 Breach of requirement to hold a licence or to act under a third party agreement

(1)

A person who contravenes regulation 7(1) commits an offence unless he reasonably believes—

(a)

that what he does is not an activity to which regulation 7(1) applies; or

(b)

that he acts under the authority of a licence under Schedule 1.

(2)

A person who contravenes regulation 7(2) commits an offence unless he reasonably believes—

(a)

that what he does is not an activity to which regulation 7(2) applies; or

(b)

that he acts—

(i)

under the authority of a licence under Schedule 1,

(ii)

in pursuance of a third party agreement, or

(iii)

in pursuance of an authorisation under regulation 7(4).

(3)

A person guilty of an offence under paragraph (1) or (2) shall be liable—

(a)

on summary conviction to a fine not exceeding the statutory maximum;

(b)

on conviction on indictment—

(i)

to imprisonment for a term not exceeding 2 years, or

(ii)

to a fine, or

(iii)

to both.