S.L. 623.7 Art. 30Offences and penalties.

Any person who:

(a) wilfully or through negligence acts in breach of any provision of these regulations;

(b) fails to comply with any lawful order by an inspector, employee or officer of the Regulator in execution of their duties in terms of these regulations;

(c) makes a declaration for any of the purposes of these regulations which is false, misleading or incorrect in any material respect, shall be guilty of an offence against these regulations and shall, on conviction, be liable to a fine (multa) of not more than sixty-nine thousand and eight hundred and eighty-one euro and twenty cents (€69,881.20), or to one thousand and three hundred and ninety-seven euro and sixty-two cents (€1,397.62) for each day during which the offence persists.