# The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, Paragraph 16: Misleading the FCA or PRA


(1) 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.
(2) A person must not provide information to another person—
(a) knowing; or
(b) 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.
(3) A person who contravenes sub-paragraph (1) or (2) is guilty of an offence.
(4) A person guilty of an offence under this paragraph is liable—
(a) on summary conviction—
(i) in England and Wales, to a fine;
(ii) in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum; or
(b) on conviction on indictment, to a fine.

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Source: https://www.legislation.gov.uk/uksi/2017/701/schedule/1/paragraph/16 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-1/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.