Asset Covered Securities Act, 2001

Offences relating to acts affecting the performance of official functions.

98.—(1) A person who—

(a) prevents an authorised person from performing a function imposed by this Act, or obstructs an authorised person who is performing such a function,

(b) without reasonable excuse, fails to provide an authorised person with information that is lawfully required by or under this Act, or

(c) provides an authorised person with information required by or under this Act knowing it to be materially false or misleading,

commits an offence and is liable on summary conviction to a fine not exceeding €1,900 (£1,496.37) or to imprisonment for a term not exceeding 6 months, or to both.

(2) In this section, “authorised person” means—

(a) the Authority, or any person authorised by it to perform the relevant function on its behalf,

(b) any delegate of the Authority or any member or employee of any such delegate, or

(c) a cover-assets monitor,

(d) the NTMA, or any person authorised by it to perform the relevant function on its behalf, or

(e) a manager appointed in respect of a designated credit institution or formerly designated credit institution.