# The Payment Services Regulations 2017, Regulation 142: Misleading the FCA or the Payment Systems Regulator


(1) 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—
(a) the FCA; or
(b) the Payment Systems Regulator.
(2) A person may not—
(a) provide any information to another person, knowing the information to be false or misleading in a material particular, or
(b) 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.
(3) A person may not—
(a) provide any information to another person, knowing the information to be false or misleading in a material particular, or
(b) 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.
(4) A person who contravenes paragraph (1), (2) or (3) is guilty of an offence and is liable—
(a) on summary conviction, to a fine, which in Scotland or Northern Ireland may not exceed the statutory maximum;
(b) on conviction on indictment, to a fine.

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Source: https://www.legislation.gov.uk/uksi/2017/752/regulation/142 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/regulation-142
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.