Trustee Savings Banks Act, 1989
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Penalties. |
62.—(1) A person guilty of an offence under section 4 , 11 , 13 , 20 , 24 , 26 , 28 , 29 or 30 shall be liable— | |
(a) on summary conviction, to a fine not exceeding £1,000 or, in the case of an individual, to imprisonment for a term not exceeding 12 months or to both, or | ||
(b) on conviction on indictment to a fine not exceeding £50,000 or, in the case of an individual, to imprisonment for a term not exceeding 5 years or to both. | ||
(2) A person guilty of an offence under section 12 , 15 , 16 , 21 , 25 , 27 , 31 , 32 , 40 , 42 or 58 of this Act shall be liable— | ||
(a) on summary conviction, to a fine not exceeding £1,000, or | ||
(b) on conviction on indictment, to a fine not exceeding £50,000. | ||
(3) A person guilty of an offence under section 14 or 36 shall be liable— | ||
(a) on summary conviction to a fine not exceeding £1,000, or | ||
(b) on conviction on indictment, to a fine not exceeding £25,000. | ||
(4) If the contravention, failure or refusal in respect of which a person is convicted of an offence referred to in subsection (1) or (2) is continued after conviction, the person shall be guilty of a further offence on every day on which the contravention, failure or refusal continues and for each such offence the person shall be liable— | ||
(i) on summary conviction, to a fine not exceeding £100, or | ||
(ii) on conviction on indictment, to a fine not exceeding £5,000, | ||
instead of the penalty specified for the original contravention, failure or refusal. |