# Financial Services Act 2012, Section 92: Penalties


(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 10 years or a fine, or both.
(2) For the purpose of subsection (1)(a) “the applicable maximum term” is—
(a) in England and Wales, the general limit in a magistrates’ court (or 6 months, if the offence was committed before 2 May 2022);
(b) in Scotland, 12 months;
(c) in Northern Ireland, 6 months.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/section/92 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/section-92
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.