Central Bank Act, 1971
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Offences and punishments. |
58.—(1) Any person who contravenes section 7 , 14 , 17 , 18 or 27 of this Act and a holder of a licence who— | |
(a) contravenes section 19 , 20 , 26 , 31 or 33 of this Act, | ||
(b) commits a breach of a condition attached to a licence, | ||
(c) fails to comply with a direction under section 21 or 22 of this Act, or a requisition under section 23 of this Act, or | ||
(d) contravenes regulations under section 24 or 25 of this Act, | ||
shall be guilty of an offence and shall be liable— | ||
(i) on summary conviction, to a fine not exceeding one hundred pounds, or | ||
(ii) on conviction on indictment, to a fine not exceeding five thousand pounds, | ||
and, if the contravention, breach or failure in respect of which he was convicted is continued after the conviction, he shall be guilty of a further offence and shall be liable on conviction on indictment to a fine not exceeding two hundred and fifty pounds for each day on which the contravention, breach or failure was so continued. | ||
(2) Where there is a contravention in relation to a unit trust scheme of section 14 (2) of this Act, the manager under the scheme shall be deemed to have contravened section 14 of this Act. |