Companies Act 2014

1368.

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

F793[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:

F793

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