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Section 122F(4)

FSMA 2000

A person guilty of an offence under subsection (3) is liable— on summary conviction— in England and Wales, to imprisonment for a term not exceeding three months or a fine, or both; in Scotland, to imprisonment for a term not exceeding three months or a fine not exceeding the statutory maximum, or both; in Northern Ireland, to imprisonment for a term not exceeding three months or a fine not exceeding the statutory maximum, or both; on conviction on indictment, to imprisonment for a term not exceeding two years or a fine, or both.

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Source: legislation.gov.uk · retrieved 2026-09-04