(1) In this section "offence created by Irish market abuse law" means an offence created by regulations falling within paragraph (a) of the definition of "Irish market abuse law" in section 1365(1).
(2) A person who is guilty of an offence created by Irish market abuse law (being an offence expressed by that law to be an offence to which this section applies) shall -
(a) without prejudice to any penalties provided by that law in respect of a summary conviction for the offence, and
(b) notwithstanding section 3(3) of the European Communities Act 1972,
be liable, on conviction on indictment, to a fine not exceeding €10,000,000 or imprisonment for a term not exceeding 10 years or both.