Section 175 Financial penalties: interaction with offencesI1I2

for paragraph (a) (but not the “and” at the end) substitute—

“(a)

no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—

(i)

proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or

(ii)

the person has been convicted of that offence in respect of that conduct,”;

in paragraph (b), omit “or continued”.