(1) A person who commits an offence under any provision of Part 4 (Finance), regulation 67 (1) to (4) (aircraft: offences), regulations 69 to 71, 72(4), 73(7), 74, 76 or 78 (ships: offences) or regulation 95 (finance: licensing offences) is liable -
(a) on summary conviction in England and Wales, to imprisonment for a term not exceeding 12 months or a fine (or both);
(b) on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);
(c) on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);
(d) on conviction on indictment, to imprisonment for a term not exceeding 7 years or a fine (or both).
(2) A person who commits an offence under any provision of Part 6 (Trade) is liable -
(a) on summary conviction in England and Wales, to imprisonment for a term not exceeding 12 months or a fine (or both);
(b) on summary convi
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