False claim of status as creditor, etc
rule 285(2) of The Investment Bank Special Administration (England and Wales) Rules 2011
- Status not determined
- Requires proof of a state of mind
- Corporate, financial services, company law, employment, charity, electoral and tax
This offence was read from the text as made, and no revised version was available, so a later revocation could not be ruled out. Check the current text at legislation.gov.uk.
What the provision says
2 It is an offence for
a person (‘P’), with the intention of obtaining
a sight of documents which P has not under the Rules any right to inspect, falsely to claim
a status which would entitle P to inspect them.
Text as made, from legislation.gov.uk. © Crown copyright, reused under the Open Government Licence v3.0. This is the text as originally made; later amendments are not shown here.
Who it binds, and what has to be proved
- Binds
- a person
- Conduct
- breaching the provision
- Fault element
- Requires proof of a state of mind
- Burden of proof
- No statutory defence — prosecution proves everything
The prosecution must prove both that the conduct happened and that it was done with the state of mind the provision names (with the intention of).
The provision states no defence, so the prosecution bears the burden on every element of the offence.
Classifier’s reasoning: mens rea word in the offence-creating words: with the intention of.
What would breach rule 285(2)?
These are illustrations, not law. They are generated from the provision’s own words to show the shape of the offence. Whether any particular conduct is caught depends on the full text, on any amendment since, and on the facts.
- Doing what the provision prohibits, or failing to do what it requires under the Investment Bank Special Administration (England and Wales) Rules 2011.
Penalty
- Mode of trial
- Not determined
- Maximum fine
- Not determined
- Maximum prison (summary)
- Not determined
no penalty is stated in this instrument; it may be in the enabling Act, or in a general penalties provision this pass did not connect to the offence.
No penalty was determined from this instrument. It may be in the enabling Act, or in a general penalties provision this pass did not connect to the offence. Absence of a figure here is not evidence that the offence carries no penalty.
Sentencing
Offences of this kind are usually sentenced under the guidelines below. This is a mapping by subject, not a finding about this provision, and the links go to a search of the Sentencing Council’s own site.
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Sentencing organisations: fines and the means of a corporate defendant
All courts in England and Wales
How a fine on a company is arrived at from its turnover. Relevant far beyond the guidelines that state it, because a very large share of the offences in this corpus can only be committed by an organisation.
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Fraud, bribery and money laundering offences: definitive guideline
Magistrates' courts and the Crown Court in England and Wales · in force from 1 October 2014
Covers fraud, false accounting, bribery and money laundering, including offences committed by organisations.
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Reduction in sentence for a guilty plea: definitive guideline
All courts in England and Wales · in force from 1 June 2017
The sliding scale of credit for pleading guilty, from one third at the first stage of proceedings downwards.
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General guideline: overarching principles
All courts in England and Wales · in force from 1 October 2019
The guideline a court uses when there is no offence-specific guideline, which is the position for the overwhelming majority of offences created by statutory instrument. It sets out how culpability and harm are assessed from first principles.
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Totality: definitive guideline
All courts in England and Wales
How to sentence more than one offence at once so that the total is just and proportionate - frequently in point here, because regulatory prosecutions commonly charge several breaches of the same instrument.
Prosecution figures
No published per-offence figure was found for this provision, and it could not be matched to a Ministry of Justice offence code. Offences created by statutory instrument very largely do not have one. Absence of a figure is not evidence that the offence is unused.
Status and lifecycle
- Current status
- Status not determined
- Made
- 15 May 2011
- In force from
- 30 June 2011
- Extent
- E+W
How this was established: read from the text as made; no revised version available, so later revocation could not be ruled out.
What the instrument is for
(This note is not part of the Rules) — the explanatory note published with the instrument, © Crown copyright.
These Rules set out the procedure for the Investment Bank Special Administration process under the Investment Bank Special Administration Regulations 2011 (“the Regulations”). The main features of Investment Bank Special Administration are that: a the investment bank enters the procedure by court order; b the order appoints an administrator; c the administrator is to pursue the special administration objectives in accordance with the statement of proposals approved by the meeting of creditors and clients and, in certain circumstances, the FSA; and d in other respects the procedure is similar to administration under Schedule B1 of the Insolvency Act 1986. Where the investment bank is also a deposit-taking bank, the Rules also apply in relation to the Special Administration (Bank Insolvency) and Special Administration (Bank Administration) processes under Schedules 1 and 2 of the Regulations. Part 2 of the Rules sets out the procedure for applying for a special administration order, a special administration (bank insolvency) order or a special administration (bank administration order). Part 3 of the Rules sets out the process of the special administration. Part 4 of the Rules provides for the expenses of the special administration. Part 5 of the Rules provides for the pursuit of Objective 1. Part 6 of the Rules provides for distributions to creditors. Part 7 of the Rules sets out rules concerning the administrator. Part 8 of the Rules provides for the end of the special administration. Part 9 of the Rules sets out court procedure and practice. Part 10 of the Rules provides for the application of section 216 of the Insolvency Act 1986 (prohibited names). Part 11 of the Rules contains provisions of general effect. Part 12 of the Rules provides for general interpretation and application. The Rules apply to investment banks incorporated as companies and also to investment banks that are: e limited liability partnerships by virtue of paragraph 6 of Schedule 3 of the Regulations which applies the Rules with such modifications as the context requires for giving effect to the Regulations; or f partnerships by virtue of paragraph 5 of Schedule 4 to the Regulations which applies Article 18 of and Schedule 10 to the Insolvent Partnerships Order 1994 (S.I. 1994/ 2421, amended by S.I. 2005/1516) with modifications. An Impact Assessment on the effect of these Rules has been prepared and may be obtained from the Financial Regulatory Strategy team, HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ. It is also available on HM Treasury’s website (www.hm-treasury.gov.uk).
Read the full note and every offence in this instrument
What Parliament said
Mentions of this instrument in Hansard. Parliamentary material is reused under the Open Parliament Licence v3.0.
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Investment Banks: Client Protection
Lords · 13 June 2018 · Lord Lee of Trafford
To ask Her Majesty’s Government, in the light of the current Beaufort Securities situation, what steps they are contemplating to ensure that client assets are protected and ring-fenced from administrators of failed stockbroking or fund managements firms operating under rule 135 of the Investment Bank Special Administration (England and Wales) Rules 2011 (SI 2011/1301).
How this was identified as an offence
Everything above rests on the judgement that this provision creates a criminal offence, rather than mentioning one. That judgement is made by rule, from the words of the provision, and this is the rule that made it — with a confidence of 0.90.
- Basis
- the provision says “it is an offence”; the provision says an offence is committed “if” something happens
- Confidence
- 0.90 of 1.00
A provision that states a penalty for an offence created elsewhere can read very like one that creates an offence, and the rules can mistake the one for the other. If the text quoted above sets a penalty for something made an offence by another provision, treat the classification on this page with that in mind, and read the instrument.
Check the source
- This provision on legislation.gov.uk The authoritative text. Check it before relying on anything here.
- The Investment Bank Special Administration (England and Wales) Rules 2011 Every offence this instrument creates, and its explanatory note
- Corporate, financial services, company law, employment, charity, electoral and taxOther offences on the same subject
- Offences created in 2011