Regulation 142 Misleading the FCA or the Payment Systems Regulator
A person may not, in purported compliance with any requirement imposed by or under these Regulations, knowingly or recklessly give information which is false or misleading in a material particular to—
the FCA; or
the Payment Systems Regulator.
A person may not—
provide any information to another person, knowing the information to be false or misleading in a material particular, or
recklessly provide to another person any information which is false or misleading in a material particular,
knowing that the information is to be used for the purpose of providing information to the FCA in connection with its functions under these Regulations.
A person may not—
provide any information to another person, knowing the information to be false or misleading in a material particular, or
recklessly provide to another person any information which is false or misleading in a material particular,
knowing that the information is to be used for the purpose of providing information to the Payment Systems Regulator in connection with its functions under these Regulations.
A person who contravenes paragraph (1), (2) or (3) is guilty of an offence and is liable—
on summary conviction, to a fine, which in Scotland or Northern Ireland may not exceed the statutory maximum;
on conviction on indictment, to a fine.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 158) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xix)