(1) The Secretary of State may by regulations make provision for and in connection with verification or reverification of an individual's identity for the purposes of this Act by the registrar or by an authorised corporate service provider.
(2) The regulations may, in particular, make provision about -
(a) the procedure for verifying or reverifying an individual's identity, including the evidence required;
(b) the records that a person who is or has been an authorised corporate service provider is required to keep in connection with the verification or reverification of an individual's identity.
(3) The regulations may create offences in relation to failures to comply with requirements imposed by virtue of subsection (2)(b).
(4) The regulations must provide for any such offence to be punishable -
(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 ex
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