Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties
F1CHAPTER 2APerformance of functions of recognised bodies
Prohibition
309EOffence of breaching prohibition
(1)
An individual who performs a function, or agrees to perform a function, in breach of a Part 18 prohibition order is guilty of an offence.
(2)
An individual who commits an offence under this section is liable—
(a)
on summary conviction in England and Wales, to a fine;
(b)
on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;
(c)
on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.
(3)
In proceedings for an offence under this section, it is a defence for the individual to show that the individual took all reasonable precautions and exercised all due diligence to avoid committing the offence.