(1) In the case of an adverse assessment, the Bank may impose on the assessee such of the following sanctions as are the specified sanctions:

(a) a private caution or reprimand;

(b) a public statement that identifies the assessee and the nature of the prescribed contravention concerned;

(c) subject to Regulation 72(2), a direction to pay to the Bank, or, if the assessor has been appointed by the Bank at the request of IAASA, to IAASA, a monetary penalty -

(i) in the case of a legal person, up to the higher of -

(I) €10,000,000,

(II) 5 per cent of the total annual turnover of that person according to the annual accounts most recently approved by the management body of that person, or

(III) twice the amount of the profits gained or losses avoided because of the prescribed contravention, where the profits gained or losses avoided can be determined, and

(ii) in the case of a natural person, up to the higher of -

(I) €2,500,000,

or