- (g) a direction that no member of a stock exchange in the United Kingdom shall, on that day, effect any transaction on that exchange.
(2) Subsection (1)(a) above shall not authorise the giving of directions to a person carrying on the business of a savings bank in respect of that business, nor to the Post Office in respect of any business carried on in exercise of the power conferred on it by section 7(1)(b) of the 1969 c. 48.Post Office Act 1969.
(3) An obligation on a person to do a thing on a day on which he is prevented from doing it by an order under this section, or is unable to do it by reason of any such order, shall be deemed to be complied with if he does it so soon as practicable thereafter.
(4) A person who knowingly or recklessly contravenes a direction given by an order under subsection (1) of this section shall be guilty of an offence and liable—
- (a) on summary conviction, to a fine of not more than £400;
- (b) on conviction on indictment, to imprisonment for not more than two years or to a fine or to both.
(5) Where an offence under this section which has been committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, a director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity he, as well as the body corporate, shall be guilty of that offence and shall be liable to be proceeded against accordingly.
Where the affairs of a body corporate are managed by its members, this subsection shall apply in relation to the acts and defaults of a member in connection with his functions of management as if he were a director of the body corporate.
(6) In this section―
- “authorised dealer in foreign currency” means a person for the time being authorised by an order of the Treasury to act for the purposes of the 1947 c. 14.Exchange Control Act 1947 as an authorised dealer in relation to any foreign currency;
- “authorised dealer in gold” means a person for the time being authorised by an order of the Treasury to act for those purposes as an authorised dealer in relation to gold;
- “commodity exchange” means an association established in the United Kingdom for the purpose of facilitating dealings by the members thereof in a commodity; and
