{
  "url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-61",
  "json_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-61.json",
  "legislation": "uksi/1987/2132",
  "legislation_title": "The Friendly Societies (Long Term Insurance Business) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987",
  "path": "regulation/61",
  "kind": "regulation",
  "number": "61",
  "heading": "Penalties",
  "text": "(1) If a society contravenes the restrictions imposed by regulation 4 above, then–\n(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\n(b) every officer of the society who is in default shall be guilty of an offence and liable:–\n(i) on summary conviction to a fine not exceeding £2,000; or\n(ii) on conviction on indictment to imprisonment for a term not exceeding two years or to a fine or both.\n(2) Any person who–\n(a) in connection with an application for authorisation under regulation 6 above; or\n(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.\n(3) A person guilty of an offence under paragraph (2) above shall be liable–\n(a) on summary conviction to a fine not exceeding £2,000; or\n(b) on conviction on indictment to imprisonment for a term not exceeding two years or to a fine or both.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2132/regulation/61",
    "retrieved_at": "2026-10-29T16:15:26.669038+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}