Markets in Financial Instruments and Miscellaneous Provisions Act 2007
PART 2 Miscellaneous | ||
Penalties for conviction on indictment of European Communities (Reinsurance) Regulations. |
9.— (1) An offence under Regulations 5(2), 6(2), 20(2), 22(4), 28(2), 29(2), 58(9), 59(8), 60(6), 62(4), 75(1), or 76(1) of the European Communities (Reinsurance) Regulations 2006 ( S.I. No. 380 of 2006 ) is an offence which may be tried on indictment. | |
(2) A person who commits an offence under a Regulation referred to in subsection (1) is liable on conviction on indictment to a fine not exceeding €10,000,000 or imprisonment for a term not exceeding 10 years or both. | ||
(3) This section is without prejudice to— | ||
(a) any penalty provided by the European Communities (Reinsurance) Regulations 2006 ( S.I. No. 380 of 2006 ) in respect of a summary conviction for an offence, and | ||
(b) the ability to bring and prosecute summary proceedings for any offence under those Regulations. |