# The Financial Services and Markets Act 2000 ( EEA Passport Rights) Regulations 2001, Regulation 18: Offences relating to failure to notify changes

Extent: E+W+S+N.I.

(1) If a UK firm which is not an authorised person contravenes the prohibition imposed by regulation 11(1), 11A(1), 12(1), 12A(1), 13(1), 15(1), 16(1) or 17C(1) it is guilty of an offence, punishable—
(a) on summary conviction, by a fine not exceeding the statutory maximum; or
(b) on conviction on indictment, by a fine.
(2) In proceedings for an offence under paragraph (1), it is a defence for the firm to show that it took all reasonable precautions and exercised all due diligence to avoid committing the offence.

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Source: https://www.legislation.gov.uk/uksi/2001/2511/regulation/18 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-eea-passport-rights-regulations-2001/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.