(1) It is an offence for the operator of a non-recognised payment system or DSA service provider -
(a) to assert that the system or provider is recognised, or
(b) to do anything which suggests that the system or provider is recognised.
(1A) It is an offence for a person who is not a service provider in relation to a recognised payment system or recognised DSA service provider -
(a) to assert that the person is such a service provider, or
(b) to do anything which suggests that the person is such a service provider.
(2) A person guilty of an offence is liable -
(a) on summary conviction, to a fine not exceeding the statutory maximum, or
(b) on conviction on indictment, to a fine.