PART 16Offences

Offences – service providersI155

1

It is an offence for a service provider to fail to comply with a requirement of any of the provisions specified in paragraph (2) M1.

2

The provisions specified for the purposes of paragraph (1) are the provisions of regulations 4(3), 4(5), 8(3), 9(1), 9(3), 15(1), 15(2), 15(3), 24(1), 27(1), 31(1), 31(2), 32(1) and 32(3).

3

A service provider commits an offence if the provider fails to comply with a requirement of any of the provisions specified in paragraph (4) and such failure results in—

a

avoidable harm (whether of a physical or psychological nature) to an individual,

b

an individual being exposed to a significant risk of such harm occurring, or

c

in a case of theft, misuse or misappropriation of money or property, any loss by an individual of the money or property concerned.

4

The provisions specified for the purposes of paragraph (3) are the provisions of regulations 3, 4(1), 11(1), 11(3) and 12(1).