(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 to that person under Part 4A, or
(b) resulting from any other provision of this Act.
(1B) In this Act "credit-related regulated activity" means a regulated activity of a kind designated by the Treasury by order
(1C) The Treasury may designate a regulated activity under subsection (1B) only if the activity involves a person -
(a) entering into or administering an agreement under which the person provides another person with credit,
(b) exercising or being a
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