23 Contravention of the general prohibition [or section 20(1) or (1A)]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

Offences

23  Contravention of the general prohibition [or section 20(1) or (1A)]

(1)     A person who contravenes the general prohibition is guilty of an offence and liable—

(a)     on summary conviction, to imprisonment for a term not exceeding six months or a fine not exceeding the statutory maximum, or both;

(b)     on conviction on indictment, to imprisonment for a term not exceeding two years or a fine, or both.

[(1A)     An authorised person (“A”) is guilty of an offence if A carries on a credit-related regulated activity in the United Kingdom, or purports to do so, otherwise than in accordance with permission—

(a)     given

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