401 Proceedings for offences
401 Proceedings for offences

[(1)     In this section “offence” means—

(a)     an offence under this Act,

(b)     an offence under subordinate legislation made under this Act, or

(c)     an offence under Part 7 of the Financial Services Act 2012 (offences relating to financial services).]

(2)     Proceedings for an offence may be instituted in England and Wales only—

(a)     by the [appropriate regulator] or the Secretary of State; or

(b)     by or with the consent of the Director of Public Prosecutions.

(3)     Proceedings for an offence may be instituted in Northern Ireland only—

(a)     by the [appropriate regulator] or the Secretary of State; or

(b)     by or with the consent of the Director of Public Prosecutions for Northern Ireland.