Regulation 61 Penalties

(1)

If a society contravenes the restrictions imposed by regulation 4 above, then–

(a)

the society shall be guilty of an offence and liable on conviction on indictment or on summary conviction to a fine which, on summary conviction shall not exceed the statutory maximum; and

(b)

every officer of the society who is in default shall be guilty of an offence and liable:–

(i)

on summary conviction to a fine not exceeding £2,000; or

(ii)

on conviction on indictment to imprisonment for a term not exceeding two years or to a fine or both.

(2)

Any person who–

(a)

in connection with an application for authorisation under regulation 6 above; or

(b)

in purporting to furnish information required by the Chief Registrar for the purposes of these Regulations, furnishes information which he knows to be false or misleading in a material particular or recklessly furnishes information which is false or misleading in a material particular, shall be guilty of an offence.

(3)

A person guilty of an offence under paragraph (2) above shall be liable–

(a)

on summary conviction to a fine not exceeding £2,000; or

(b)

on conviction on indictment to imprisonment for a term not exceeding two years or to a fine or both.