False statements as to licensed status

(1) A person other than a licensee shall not– (a) describe himself as a licensee; or status. (b) so hold himself out as to indicate or be reasonably understood to indicate that he is a (2) A person shall not falsely state, or do anything which falsely indicates, that he is entitled, although not a licensee, to carry on banking business or financial business. (3) A person who contravenes sub-section (1) commits an offence and is liable on summary conviction, in the case of a company, to a fine not exceeding five hundred thousand dollars and in the case of an individual, to a fine not exceeding five hundred thousand dollars or to imprisonment for five years, or to both such fine and term of imprisonment. (4) A person who contravenes sub-section (2) commits an offence and is liable on summary conviction, in the case of a company, to a fine not exceeding one hundred thousand dollars and in the case of an individual, to a fine not exceeding one hundred thousand dollars or to imprisonment for three years or to both such fine and term of imprisonment. 66