Companies Act 2014

1368.

Conviction on indictment of offences under Irish market abuse law: penalties

F389 [ 1368. (1) In this section offence created by Irish market abuse law means an offence created by regulations falling within paragraph (a) of the definition of Irish market abuse law in section 1365(1) .

(2) A person who is guilty of an offence created by Irish market abuse law (being an offence expressed by that law to be an offence to which this section applies) shall

( a ) without prejudice to any penalties provided by that law in respect of a summary conviction for the offence, and

( b ) notwithstanding section 3 (3) of the European Communities Act 1972 ,

be liable, on conviction on indictment, to a fine not exceeding 10,000,000 or imprisonment for a term not exceeding 10 years or both. ]

Annotations:

Amendments:

F389

Substituted (26.10.2016) by Finance (Certain European Union and Intergovernmental Obligations) Act 2016 (13/2016), s. 8(c), commenced on enactment.