UG-1.2 UG-1.2 Status of provisions
UG-1.2.1
The contents of the Rulebook have the formal status either of Rules or Guidance.
UG-1.2.2
Rules have a binding effect. If a licensee breaches a Rule to which it is subject, it is liable to enforcement action by BMA and, in certain cases, criminal proceedings by the Office of the Public Prosecutor.
UG-1.2.3
Guidance is not binding. It is material that helps inform a particular Rule or set of Rules, or provides other general information. Where relevant, compliance with Guidance will generally lead the BMA to assess that the business has complied with the rule(s) to which the Guidance relates. Conversely, failure to comply with Guidance will generally be viewed by the BMA as tending to suggest breach of a Rule.
UG-1.2.4
The status of each paragraph within the Rulebook can be identified by its text format, as follows:
(a) Rules are in bold, font size 12. The paragraph reference number is also highlighted in a coloured box.(b) Guidance is in normal type, font size 11.UG-1.2.5
The Agency's interpretation of all Rules and Guidance in this Volume is final.
