This section applies to proceedings for—
an offence under this Act that is punishable with a fine, or
an offence under a registered society's rules (see section 20).
The proceedings may be brought by the following—
in the case of proceedings in respect of an offence under a society's rules, the society;
in the case of proceedings by virtue of section 127 in respect of neglect or a failure to do any act, or provide any information, required by the PRA—
the FCA (after notifying the PRA), or
the PRA (after notifying the FCA);
in the case of proceedings by virtue of any of section 130(1) to (3)—
the registered society in question,
any member of that society authorised by the society, the society's committee or the FCA, or
the FCA (except in Scotland);
in any other case, any person aggrieved or (except in Scotland) the FCA.
Except in Scotland, no other person may bring proceedings.
The FCA, the PRA or the Lord Advocate ("the prosecutor")—
may (despite any limitation on the time for bringing proceedings contained in any Act) bring proceedings for the offence at any time within one year of the discovery of the offence by the prosecutor, but
may not bring proceedings more than 3 years after the commission of the offence.