Irish Collective Asset-management Vehicles Act 2015

Categories of offences

186. (1) A person guilty of an offence under this Act that is stated to be a category 1 offence is liable—

(a) on summary conviction, to a class A fine or imprisonment for a term not exceeding 12 months, or to both, or

(b) on conviction on indictment, to a fine not exceeding €500,000 or imprisonment for a term not exceeding 10 years, or to both.

(2) A person guilty of an offence under this Act that is stated to be a category 2 offence is liable—

(a) on summary conviction, to a class A fine or 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 imprisonment for a term not exceeding 5 years, or to both.

(3) A person guilty of an offence under this Act that is stated to be a category 3 offence is liable, on summary conviction, to a class A fine or imprisonment for a term not exceeding 6 months, or to both.