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Regulation 14 Offence of failure to inform regulator of changes: individuals in prescribed roles

Original text. Later amendments are not shown.

(1)

It is an offence for a licensee—

(a)

to fail to comply with regulation 13, or

(b)

in purported compliance with regulation 13, to make a statement or provide information it knows to be false in a material particular, or recklessly to make such a statement or provide such information.

(2)

A licensee who is guilty of an offence under paragraph (1) is liable—

(a)

on summary conviction in England and Wales, to a fine;

(b)

on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum;

(c)

on conviction on indictment, to imprisonment for a term not exceeding two years, or a fine, or both.