(1)
Every industry participant must—
register as an industry participant by supplying the Authority with the information specified in section 27(2); and
comply with the Code.
(2)
A failure to comply with subsection (1) may result in an industry participant being—
liable to conviction for an offence under section 31, in the case of failure to register; and
subject to the enforcement measures set out in this Part, in the case of failure to comply with the Code.