Section 63(2)
The Electronic Money Regulations 2011 · United Kingdom
A person who contravenes paragraph (1) is guilty of an offence and is liable— on summary conviction, to imprisonment for a term not exceeding three months or to a fine not exceeding level 5 on the standard scale, or both; on conviction on indictment, to imprisonment for a term not exceeding two years, or to a fine, or both.
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Source: legislation.gov.uk · retrieved 2026-09-04