Page 443 - IOM Law Society Rules Book

146 Financial Services Act 2008 c.8

False 40. A person (“A”) who —
statements
(a) furnishes or sends to the Commission for any purpose
under this Act a document which A knows to be false
or misleading in a material particular; or

(b) recklessly furnishes or sends to the Commission for the
purposes of this Act a document which is false or
misleading in a material particular; or

(c) in furnishing information to the Commission for the
purposes of this Act —

(i) makes a statement which A knows to be false or
misleading in a material particular; or

(ii) recklessly makes a statement which is false or
misleading in a material particular,

is guilty of an offence.

Offences and 41. (1) A person who is in contravention of section 4 is guilty
penalties
of an offence and is liable —
(a) on summary conviction, to a fine not exceeding £5,000 or
to a term of custody not exceeding 6 months, or to both;

(b) on conviction on information, to a fine or to a term of
custody not exceeding 2 years, or to both.

(2) Any person who is in contravention of section 10(7) is
guilty of an offence and is liable on summary conviction to a fine
not exceeding £5,000 or to a term of custody for a period not
exceeding 6 months, or to both.

(3) A person guilty of an offence under any of section 36
to 39 is liable —

(a) on summary conviction to a fine not exceeding £5,000 or
to custody for a term not exceeding 6 months, or to both;

(b) on conviction on information to a fine or to custody for
a term not exceeding 5 years, or to both.

(4) A person guilty of an offence under section 40 or
paragraph 1(4) or 3(8) of Schedule 2 is liable —

(a) on summary conviction to a fine not exceeding £5,000
or to custody for a term not exceeding 6 months, or to
both;