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Section 309E

FSMA 2000

An individual who performs a function, or agrees to perform a function, in breach of a Part 18 prohibition order is guilty of an offence. An individual who commits an offence under this section is liable— on summary conviction in England and Wales, to a fine; on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale; on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale. In proceedings for an offence under this section, it is a defence for the individual to show that the individual took all reasonable precautions and exercised all due diligence to avoid committing the offence.

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