Section 74 of the Act of 1995 is hereby amended -
(a) in subsection (7) by the substitution for "may dismiss the application or may make a determination that" of "may make a determination as to whether" and the subsection as so amended is set out in the Table to this paragraph.
Table
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(7) Following an inquiry by a Committee appointed under subsection (5) of this section, that Committee may make a determination as to whether there has been a breach of a condition or requirement, and may do all or any of the following: |
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(a) issue a reprimand to an investment business firm or professional body, |
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(b) direct that an investment business firm or professional body shall pay the supervisory authority a specified sum, not to exceed £500,000, in respect of any breach of a condition or requirement, |
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(c) arrange for the publication of such details as it deems proper concerning a determination made under this subsection in the Iris Oifigiúil and in one or more newspapers circulating in |