If a relevant person ("A") fails to comply with a requirement imposed on A under section 131E or 131F the FCA may certify that fact in writing to the court.
If the court is satisfied that A failed without reasonable excuse to comply with the requirement, it may deal with A (and where A is a body corporate, any director or officer) as if A (or as the case may be the director or officer) were in contempt; and "officer", in relation to a limited liability partnership, means a member of the limited liability partnership.
A relevant person ("B") who, in purported compliance with a requirement imposed on B under section 131E or 131F—
is guilty of an offence.
A person guilty of an offence under subsection (3) is liable—
Any person who intentionally obstructs the exercise of any rights conferred by a warrant under section 131FB is guilty of an offence and liable on summary conviction to imprisonment for a term not exceeding three months or a fine not exceeding level 5 on the standard scale, or both.
In relation to any contravention by a person, the FCA may not exercise both—
In this section—
"court" means—the High Court;in Scotland, the Court of Session;
"relevant person" means—an authorised person,a person who has been an authorised person,a person who is for the purposes of section 165 connected with an authorised person or with a person within paragraph (b).