(1)
A person who contravenes section 262 commits an offence if the person knows that the statement or information is false in a material aspect or is materially misleading.
(2)
A person who commits an offence under subsection (1) is liable on conviction,—
in the case of an individual, to imprisonment for a term not exceeding 5 years, a fine not exceeding $500,000, or both; and
in any other case, to a fine not exceeding $2.5 million.
Compare: 1988 No 234 s 11A