Section 23(1G)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
The “applicable maximum term” is— in England and Wales, the general limit in a magistrates’ court (or 6 months, if the offence was committed before the commencement of 2 May 2022); in Scotland, 12 months; in Northern Ireland, 6 months.
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Source: legislation.gov.uk · retrieved 2026-09-04