# The Friendly Societies (Insurance Business) Regulations 1994, Regulation 59: Default in complying with regulations 55 to 58


(1) A society shall be guilty of an offence if it makes default in complying with any of regulations 55 to 58 above.
(2) A person shall be guilty of an offence if either—
(a) he causes or permits to be included in a document deposited with the Commission under regulation 57(1) above a statement which he knows to be false in a material particular; or
(b) he recklessly causes or permits to be so included a statement which is false in a material particular.
(3) A person guilty of an offence under this regulation shall be liable—
(a) on summary conviction in Great Britain, to a fine not exceeding level 5 on the standard scale; and
(b) on summary conviction in Northern Ireland, to a fine not exceeding £2,000.

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Source: https://www.legislation.gov.uk/uksi/1994/1981/regulation/59 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.