(1) Regulations under section 1188 may provide that it is an offence for a person -
(a) to fail to comply with a requirement under the regulations to send a statement to the registrar;
(b) knowingly or recklessly to send a statement under the regulations to the registrar that is misleading, false or deceptive in a material particular.
(2) The regulations may provide that a person guilty of such an offence is liable -
(a) on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
(b) on summary conviction -
(i) in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
(ii) in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).
(3) In relation to an offence committed before 2 May 2022, for "twelve months" in subsection (2)(b)(i) substitute "six months".