SCHEDULES

SCHEDULE 3Amendments of remaining provisions of the Companies Act 1985 relating to offences

Wrongful disclosure of information to which section 449 applies

I13

1

Section 449 of the Companies Act 1985 (wrongful disclosure of information obtained in course of company investigation) is amended as follows.

2

For subsection (6)(a) and (b) substitute “ is guilty of an offence. ”

3

After subsection (6) insert—

6A

A person guilty of an offence under this section is liable—

a

on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);

b

on summary conviction—

i

in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);

ii

in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).

4

Omit subsection (7).