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Version date: 28 April 2022 - onwards
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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 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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