Paragraph 16 Misleading the FCA or PRA
A person must not, for the purposes of compliance or purported compliance with a requirement imposed by or under these Regulations or by Article 28 of the markets in financial instruments regulation knowingly or recklessly give a regulator information which is false or misleading in a material particular.
A person must not provide information to another person—
knowing; or
being reckless as to whether,
the information is false or misleading in a material particular and knowing that the information is to be provided to, or to be used for the purposes of providing information to, a regulator in connection with the discharge of its functions under these Regulations or with respect to Article 28 of the markets in financial instruments regulation.
A person who contravenes sub-paragraph (1) or (2) is guilty of an offence.
A person guilty of an offence under this paragraph is liable—
on summary conviction—
in England and Wales, to a fine;
in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum; or
on conviction on indictment, to a fine.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 51) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xviii)