(1) For the purposes of paragraph (b) of subsection (4) of section 33AQ of the Central Bank Act 1942, the amount prescribed in accordance with paragraph (c) of that subsection is €5,000,000.
(2) For the purposes of paragraph (a) of subsection (6) of section 33AQ of the Central Bank Act 1942, the amount prescribed in accordance with paragraph (b) of that subsection is €5,000,000.
(3) Where, in accordance with subsection (3) of section 33AQ of the Central Bank Act 1942, the Bank makes a finding that a regulated financial service provider is committing or has committed a prescribed contravention (within the meaning of that Act) that consists of a contravention of any provision of these Regulations, it may, as an alternative to the monetary penalty provided for in paragraph (c) of that subsection, and notwithstanding that the monetary penalty so imposed would exceed the prescribed amount for the purposes of that paragraph, direct a UCITS to pay a monetary penalty equivalent to twice th
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