(1) Part 27 [Part 27 and the relevant sections thereof were amended by section 95 and paragraphs 37, 38 and 40 of Schedule 9(7) to the Financial Services Act 2012 and S.I. 2013/1881.] of the Act (offences) applies with respect to offences under these Regulations and the Act as applied by Part 2 of these Regulations as it applies with respect to offences under the Act, with the following modifications.
(2) Part 27 of the Act applies as if -
(a) each reference to the Act included a reference to these Part 2 of Regulations;
(b) each reference to a section of the Act were a reference to that section as applied by Part 2 of these Regulations;
(c) references to the Secretary of State were omitted; and
(d) references to the appropriate regulator were references to the FCA.
(3) Sections 398 (misleading the FCA or PRA: residual cases) and 399 (misleading the CMA) of the Act do not apply.
(4) Section 400 of the Act (offences by bodies corporate) applies as if subsection (6A) were omitted.
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