Part XXVII Offences (ss 397-403)
Part XXVII Offences (ss 397-403)

397 . . .

. . .


398 Misleading [FCA or PRA]: residual cases

(1)     A person who, in purported compliance with any requirement [falling within subsection (1A)] knowingly or recklessly gives [a regulator] information which is false or misleading in a material particular is guilty of an offence.

[(1A)     A requirement falls within this subsection if it is imposed by or under—

(a)     this Act;

(b)     the Alternative Investment Fund Managers Regulations 2013;

[(ba)     the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (SI 2017/XXXX);]

(c)     the short selling regulation;

(d)     Regulation (EU) No 345/2013 of the European Parliament and the Council of 17 April 2013 on European venture capital funds; . . .

(e)     Regulation (EU) No 346/2013 of the European Parliament and the Council of 17 April 2013 on European social entrepreneurship funds[; . . .

[(ea)     any directly applicable EU regulation made under the markets in financial instruments directive;

(eb)     the markets in financial instruments regulation and any directly applicable EU regulation made under it;]

(f)     Regulation (EU) No 2015/760 of the European Parliament and of the Council of 29th April 2015 on European Long-term Investment Funds][; . . .

(g)     the market abuse regulation][; . . .

(h)     the EU Benchmarks Regulation 2016][; . . .

(i)     the MMF Regulation][; or

(j)     the prospectus regulation (as defined by section 103)].]

(2)     Subsection (1) applies only to a requirement in relation to which no other provision of this Act creates an offence in connection with the giving of information.

(3)     A person guilty of an offence under this section is liable—

(a)     on summary conviction, to a fine not exceeding the statutory maximum;