S.L. 545.34 Art. 60Administrative fines.

(1) The Regulator may impose an administrative fine upon any person who infringes any provision of these regulations or who fails to comply with any directive or decision given by the Regulator in ensuring compliance with these regulations.

(2) An administrative fine imposed under sub-regulation (1) shall not exceed one hundred thousand euro (€100,000) for each contravention and, or six hundred euro (€600) for each day of non-compliance, from the date of the decision given by the Regulator:

Provided that, in the case of undertakings (including vertically integrated undertakings) or a body corporate, a fine of up to ten per cent (10%) of the total turnover concerned in the preceding business year may be imposed even if such fine results in an amount which exceeds the threshold provided in this sub-regulation.