Section 138(2)
The Payment Services Regulations 2017 · 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, which in Scotland or Northern Ireland may not exceed the statutory maximum, 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