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Version date: 16 December 2016 - onwards
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401. Proceedings for offences

(1) In this section "offence" means -

(a) an offence under this Act,

(b) an offence under subordinate legislation made under this Act, or

(c) an offence under Part 7 of the Financial Services Act 2012 (offences relating to financial services).

(2) Proceedings for an offence may be instituted in England and Wales only -

(a) by the appropriate regulator or the Secretary of State; or

(b) by or with the consent of the Director of Public Prosecutions.

(3) Proceedings for an offence may be instituted in Northern Ireland only -

(a) by the appropriate regulator or the Secretary of State; or

(b) by or with the consent of the Director of Public Prosecutions for Northern Ireland.

(3A) For the purposes of subsections (2)(a) and (3)(a), the PRA is the "appropriate regulator" in respect of each of the following offences -

(a) an offence under section 55P(10) where the contravention is of a requirement imposed by the PRA;

(b) an offence under section 56(4) where the prohibition order is made by the P

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