38Institution of proceedingsU.K.
(1)In this section “an offence” means an offence under section 36.
(2)Proceedings for an offence may be instituted in England and Wales only—
(a)by the FCA, the PRA 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 FCA, the PRA or the Secretary of State, or
(b)by or with the consent of the Director of Public Prosecutions for Northern Ireland.
(4)In exercising its power to institute proceedings for an offence, the FCA or the PRA must comply with any conditions or restrictions imposed in writing by the Treasury.
(5)Conditions or restrictions may be imposed under subsection (4) in relation to—
(a)proceedings generally, or
(b)such proceedings, or categories of proceedings, as the Treasury may direct.
Commencement Information
I1S. 38 in force at 7.3.2016 by S.I. 2015/490, art. 2(1)(c) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))