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Section 25(1)

FSMA 2000

A person who contravenes section 21(1) is guilty of an offence and liable— on summary conviction, to imprisonment for a term not exceeding six 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