(1) A person who provides the Bank with false, misleading or inaccurate information, knowing it to be false, misleading or inaccurate, or where he or she ought reasonably to have known the information was false, misleading or inaccurate, on his or her own behalf, or on behalf of any other person or institution, in relation to any requirement of, or under, Article 394, 430, 430a or 430b of the Capital Requirements Regulation commits an offence.
(2) A person who commits an offence under this Regulation is liable -
(a) on summary conviction, to a class A fine or 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 imprisonment for a term not exceeding 3 years, or to both.