Competition and Consumer Protection Act 2014
Supplementary powers of Commission with respect to carrying out certain functions | ||
11. (1) To enable the Commission to perform the functions set out in section 10 (3)(j), the Commission may— | ||
(a) undertake studies, analyses and surveys with respect to the provision of financial services to consumers, | ||
(b) collect and compile information for that purpose, and | ||
(c) publish the results of any such studies, analyses or surveys. | ||
(2) In undertaking a study, analysis or survey under subsection (1), the Commission— | ||
(a) may, by notice in writing, require any person who, in the opinion of the Commission has information, or has control of a record or other thing, that is relevant to the study, analysis or survey to provide the information, record or thing to the Commission, and | ||
(b) may, by the same or another notice in writing, require the person to attend before a member or member of the staff of the Commission for that purpose. | ||
(3) A person who— | ||
(a) intentionally prevents the Commission from exercising a function conferred by subsection (1), | ||
(b) intentionally obstructs or hinders the Commission in the exercise of such a power, | ||
(c) without reasonable excuse, fails to comply with a requirement made to the person in accordance with subsection (2), or | ||
(d) in purporting to comply with a requirement made under subsection (2) to provide information, provides the Commission with information that the person knows, or ought reasonably to know, is false or misleading in a material respect, | ||
is guilty of an offence. | ||
(4) A person guilty of an offence under this section is liable— | ||
(a) on summary conviction, to a class A fine or imprisonment for a term not exceeding 12 months or both, or | ||
(b) on conviction on indictment, to a fine not exceeding €30,000 or imprisonment for a term not exceeding 5 years or both. | ||
(5) Summary proceedings for an offence under this section may be brought and prosecuted by the Commission. |