Section 143V: Offence of breaching a Part 9C prohibition order

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9C: Prudential regulation of FCA investment firms

An individual who performs a function, or agrees to perform a function, in breach of a Part 9C prohibition order commits an offence.

An individual who commits an offence under this section is liable—

on summary conviction in England and Wales, to a fine, and
on summary conviction in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale.

In proceedings for an offence under this section, it is a defence for the individual to show that they took all reasonable precautions and exercised all due diligence to avoid committing the offence.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.