SCHEDULE 2 Transitional Provisions and Savings

SCHEDULE 2 Transitional Provisions and Savings

Section 14(2)

Maximum term of imprisonment for offences under this Act

1

In relation to an offence committed before [2 May 2022], the references to 12 months [the general limit in a magistrates' court] in sections 1(3)(a), 6(2)(a), 7(2)(a), 9(6)(a) and 11(3)(a) are to be read as references to 6 months.

Increase in penalty for fraudulent trading

2

Section 10 does not affect the penalty for any offence committed before that section comes into force.

Abolition of deception offences

3

(1)     Paragraph 1 of Schedule 1 does not affect any liability, investigation, legal proceeding or penalty for or in respect of any offence partly committed before the commencement of that paragraph.

(2)     An offence is partly committed before the commencement of paragraph 1 of Schedule 1 if—

(a)     a relevant event occurs before its commencement, and

(b)     another relevant event occurs on or after its commencement.

(3)     “Relevant eventâ€, in relation to an offence, means any act,

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