# The Public Offers of Securities Regulations 1995, Regulation 18: Penalties


Where these Regulations amend, extend the application of, or modify the effect of, a provision contained in Part IV of the Act and thereby create a new criminal offence which, but for this regulation, would be punishable to a greater extent than is permitted under paragraph 1(1)(d) of Schedule 2 to the European Communities Act 1972, the maximum punishment for the offence shall be the maximum permitted under that paragraph at the time the offence was committed, on conviction on indictment or on summary conviction, as the case may be.

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Source: https://www.legislation.gov.uk/uksi/1995/1537/regulation/18 (the official version)
Page: https://openlegislation.uk/public-offers-of-securities-regulations-1995/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.