Section 14 Offences under Part I.

United Kingdom

(1)

A person who carries on business in contravention of this Part of this Act shall be guilty of an offence.

(2)

A person who for the purpose of obtaining the issue of an authorisation furnishes information which he knows to be false in a material particular or recklessly furnishes information which is false in a material particular shall be guilty of an offence.

(3)

A person guilty of an offence under this section shall be liable—

(a)

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

(b)

on summary conviction—

(i)

in England and Wales . . . F1, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of section 32 of the M1Magistrates’ Courts Act 1980;

(ii)

in Scotland, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of F2section 255(8)of the Criminal Procedure (Scotland) Act 1995;

F3(iii)

in Northern Ireland, to a fine not exceeding £1,000 or, if it is greater, the prescribed sum within the meaning of Article 4 of the Fines and Penalties (Northern Ireland) Order 1984.

Annotations

Textual amendments

F1: Words repealed by S.I. 1984/703 (N.I. 3), art. 19(1)(2), Sch. 6 para. 30(a), Sch. 7
F2: Words in s. 14(3)(b)(ii) substituted (1.4.1996) by 1995 C. 40, ss. 5, 7(2), Sch. 4 para. 45(2)
F3: S. 14(3)(b)(iii) substituted for words by S.I. 1984/703 (N.I. 3), art. 19(1), Sch. 6 para. 30(b)

Marginal citations

M1: 1980 c. 43.

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(b)