Investment Funds, Companies and Miscellaneous Provisions Act 2005
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Penalties. |
21.—(1) A person guilty of an offence under this Part shall be liable— | |
(a) on summary conviction to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months or both, or | ||
(b) on conviction on indictment to a fine not exceeding €15,000 or imprisonment for a term not exceeding 5 years or both, | ||
and, if the contravention in respect of which he or she is convicted of an offence under this Part is continued after the conviction, the person shall be guilty of a further offence on every day on which the contravention continues and for each such offence the person shall be liable on summary conviction to a fine not exceeding €400 or, on conviction on indictment, to a fine not exceeding €1,900. | ||
(2) Subsection (1)(b) shall not apply to a person guilty of an offence under section 20 . | ||
(3) Summary proceedings in relation to an offence under this Part may be brought and prosecuted by the Bank. | ||
(4) Notwithstanding section 10 (4) of the Petty Sessions (Ireland) Act 1851 , summary proceedings for an offence under this Part may be instituted within 3 years from the date of the offence. |