Regulation 27 of the Principal Regulations is amended -
(a) by substituting for paragraph (1) the following:
"(1) A person who contravenes Regulation 6(3) commits an offence and is liable -
(a) on summary conviction to a fine not exceeding €5,000 or, at the discretion of the court, to imprisonment for a term not exceeding 12 months, or to both, or
(b) on conviction on indictment to a fine not exceeding €250,000 or, at the discretion of the court, to imprisonment for a term not exceeding 3 years, or to both.",
and
(b) by deleting paragraph (2).