Cap. 345 Art. 40Offences.

(1) Any person who contravenes or fails to comply with any of the provisions of article 32 or of any court order made under article 39 or fails to comply with any condition, obligation, requirement, order, directive, Financial Market Rule, Capital

Markets Rule or Covered Bonds Rule or regulations made, provided for or given under any of the provisions of this Act shall be guilty of an offence under this Act.

(2) Any person who knowingly or recklessly gives the competent authority, any person appointed by it under article 32(1)(c) or any inspector appointed under article 33, information which is false or misleading shall be guilty of an offence.

(3) Any person who removes, destroys, conceals or fraudulently alters any book, document or other paper, including information stored in electronic format, which is or is likely to be relevant to a request for information or documentation or an inspection or an investigation in terms of this Act, shall be guilty of an offence.

(4) Any person who obstructs a person exercising rights conferred by this Act shall be guilty of an offence under this Act.