Section 92 PenaltiesI1

(1)

A person guilty of an offence under this Part is liable—

(a)

on summary conviction, to imprisonment for a term not exceeding the applicable maximum term or a fine not exceeding the statutory maximum, or both;

(b)

on conviction on indictment, to imprisonment for a term not exceeding F110 years or a fine, or both.

(2)

For the purpose of subsection (1)(a) “the applicable maximum term” is—

(a)

in England and Wales, F2the general limit in a magistrates’ court (or 6 months, if the offence was committed before F32 May 2022);

(b)

in Scotland, 12 months;

(c)

in Northern Ireland, 6 months.

Annotations

F1: Words in s. 92(1)(b) substituted (1.11.2021) by Financial Services Act 2021 (c. 22), ss. 31(2), 49(5) (with s. 31(3)(4)); S.I. 2021/1173, reg. 2
F2: Words in s. 92(2)(a) substituted (7.2.2023 at 12.00 p.m.) by The Judicial Review and Courts Act 2022 (Magistrates’ Court Sentencing Powers) Regulations 2023 (S.I. 2023/149), regs. 1(2), 2(1), Sch. Pt. 1
F3: Words in s. 92(2)(a) substituted (28.4.2022) by The Criminal Justice Act 2003 (Commencement No. 33) and Sentencing Act 2020 (Commencement No. 2) Regulations 2022 (S.I. 2022/500), regs. 1(2), 5(1), Sch. Pt. 1