(1) If the general partners fail to comply with section 10D(1) an offence is committed by each general partner who is in default.
(2) But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.
(3) Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if -
(a) the managing officer is an individual who is in default, or
(b) the managing officer is a legal entity that is in default and one of its managing officers is in default.
(4) A person guilty of an offence under this section is liable on summary conviction -
(a) in England and Wales, to a fine;
(b) in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default f
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