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Section 23(1F)

FSMA 2000

A person guilty of an offence under subsection (1A) is liable— on summary conviction, to imprisonment for a term not exceeding the applicable maximum term 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