727. Notice requiring information: offences
(1) A person who—
(a) fails to comply with a notice under section 725 (notice requiring information about interests in company's shares), or
(b) in purported compliance with such a notice-
(i) makes a statement that he knows to be false in a material particular, or
(ii) recklessly makes a statement that is false in a material particular,
contravenes these Regulations.
(2) A person does not contravene these Regulations under subsection (1)(a) if he proves that the requirement to give information was frivolous or vexatious.
(3) A person who contravenes these Regulations under subsection (1) is liable to a fine of up to level 8.