Credit Union Act 1997

Offences: general provisions.

171

171. (1) F321 [ ]

F322 [ (2) A credit union or other person who is guilty of an offence under this Act, other than an offence for which a different penalty is expressly provided, shall be liable

( a ) on summary conviction to a class C fine or to imprisonment for a term not exceeding 3 months or both; or

( b ) on conviction on indictment to a fine not exceeding 6,348.69 or to imprisonment for a term not exceeding 2 years or both. ]

F323 [ (3) If the contravention in respect of which a credit union or other person is convicted of an offence under any provision of this Act is continued after that conviction, that credit union or other person shall be guilty of a further offence for every day on which the contravention continues and for each such offence shall be liable on summary conviction to a class E fine or, on conviction on indictment, to a fine not exceeding 1,904.61. ]

F324 [ (4) Summary proceedings for an offence against a provision of this Act may be brought by the Bank. ]

(5) F325 [ ]

Annotations

Amendments:

F321

Deleted (1.08.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 124, S.I. No. 280 of 2013.

F322

Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 125, S.I. No. 393 of 2013.

F323

Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 126, S.I. No. 393 of 2013.

F324

Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 127, S.I. No. 393 of 2013.

F325

Deleted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 4(1) and sch. 1 pt. 1 item 10, S.I. No. 287 of 2013.

Editorial Notes:

E90

Previous affecting provision: subs. (4) substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 116, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26; further substituted as per F-note above.