Financial Services and Markets Act 2022 · s 28J

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s 28JFalse or misleading disclosures

A prescribed financial institution, or an officer of the prescribed financial institution, that knowingly or recklessly —

(a)

discloses any risk information under section 28D or 28E;

(b)

publishes any risk information under section 28F; or

(c)

makes any correction to the risk information mentioned in paragraph (a) or (b),that is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction —

(d)

in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both; or (e)in any other case, to a fine not exceeding $1 million.