(1) The Bank of England may by order prohibit a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised person -
(b) until further notice, or
(c) permanently.
(2) A person who breaches a prohibition under subsection (1) commits an offence.
(3) A person who commits an offence under this section is liable -
(a) on summary conviction in England and Wales, to a fine;
(b) on summary conviction in Scotland, to a fine not exceeding the statutory maximum;
(c) on summary conviction in Northern Ireland, to a fine not exceeding the statutory maximum;
(d) on conviction on indictment, to a fine.
(4) In this section, "specified" means specified in the order.