S.L. 330.9 Art. 110Offences.

(1) Any person who -

(a) fails to comply with any directive issued by the Authority or the Resolution Committee, as the case may be, under the Act, or any regulations and Rules issued thereunder;

(b) without reasonable excuse alters, suppresses, conceals, destroys or refuses to produce any document which he is lawfully required to produce under these regulations, under the Act and any Rules issued thereunder transposing the BRRD;

(c) on any matter relating to the BRRD, makes a statement, promise or forecast which he knows to be misleading, false or deceptive, or dishonestly conceals any material facts, or recklessly makes (dishonestly or otherwise) a statement, promise or forecast which is misleading, false or deceptive, shall be guilty of an offence:

(2) Any person who is knowingly a part to, or procures or aids and abets the commission of any offence under sub-regulation (1), shall be guilty of an offence and shall be liable to the same penalties as the principal offender.

(3) Any person found guilty of an offence shall, on conviction, be liable to a fine (m ) not exceeding two million Euro ulta (€2,000,000) or to a term of imprisonment not exceeding three years or to both such fine and imprisonment.

(4) No proceedings for an offence under the Malta Financial Services Authority Act shall be commenced without the sanction of the Attorney General.