Limitation on disciplinary measures etc

(1) A disciplinary measure or enforcement action may not be taken against a moneylender in respect of an act or omission if that act or omission occurred more than two years before the date on which the Registrar sends a notice of intention to the moneylender under regulation 19. (2) The limitation in subregulation (1) does not apply if the act or omission is a continuing act or omission. 14 Moneylenders (3) If the act or omission referred to in subregulation (1) also constitutes an offence– (a) the taking of a disciplinary measure or enforcement action against a moneylender does not prevent the moneylender being also prosecuted for the offence; and (b) the prosecution of a moneylender for the offence does not prevent the taking of a disciplinary measure or enforcement action against the moneylender.