(1) A person who fails to comply with any of the obligations imposed on that person by this Chapter and any regulations made under it shall -
(a) where the failure relates to the obligation imposed on a person under section 817H(2), 817H(3), 817HA(2), 817I, 817K(1), 817K(2), 817L or 817M, be liable to -
(i) a penalty not exceeding €4,000, and
(ii) if the failure continues after a penalty is imposed under subparagraph (i) to a further penalty of €100 per day for each day on which the failure continues after the day on which the penalty is imposed under that subparagraph,
(b) where the failure relates to the obligation imposed on a person under section 817E(a), 817E(b), 817F, 817G or 817H(1), be liable to -
(i) a penalty not exceeding €500 for each day during the initial period, and
(ii) if the failure continues after a penalty is imposed under subparagraph (i) to a further penalty of €500 per day for each day on which the failure continues after the day on which the penalty is i
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