1043. Misleading, false and deceptive statements

(1) A person will commit a contravention of these Regulations if—
(a) for the purposes of or in connection with any application under this Part, or
(b) in purported compliance with any requirement imposed on him by or by virtue of this Part, he knowingly or recklessly furnishes information which is misleading, false or deceptive in a material particular.
(2) It is a contravention of these Regulations for a person whose name does not appear on the register of auditors kept under Resolutions under section 1039 to describe himself as a registered auditor or so to hold himself out as to indicate, or be reasonably understood to indicate, that he is a registered auditor.
(3) It is a contravention of these Regulations for a body which is not a recognised professional body to describe itself as so recognised or so to describe itself or hold itself out as to indicate, or be reasonably understood to indicate, that it is so recognised.
(4) A person who commits the contravention referred to under subsection (1) shall be liable to up to a level 6 fine.
(5) A person who commits the contravention referred to under subsection (2) or (3) shall be liable to up to a level 6 fine.
(6) It is a defence for a person charged with an offence under subsection (2) and (3) to show that he took all reasonable precautions and exercised all due diligence to avoid the commission of the contravention.