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Financial Services Act 2012

Financial Services Act 2012 s 92

s 92 Penalties

(1) A person guilty of an offence under this Part is liable— (a) on summary conviction, to imprisonment for a term not exceeding the applicable maximum term or a fine not exceeding the statutory maximum, or both; (b) on conviction on indictment, to imprisonment for a term not exceeding 10 years or a fine, or both. (2) For the purpose of subsection (1)(a) “the applicable maximum term” is— (a) in England and Wales, the general limit in a magistrates’ court (or 6 months, if the offence was committed before 2 May 2022 ); (b) in Scotland, 12 months; (c) in Northern Ireland, 6 months.

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