(1) A regulated financial service provider who fails to comply with a requirement of section 25 or 26 commits an offence and is -
(a) if tried summarily, liable on conviction to a fine not exceeding €2,000, or
(b) if tried on indictment, liable on conviction to a fine not exceeding €75,000.
(2) A regulated financial service provider who, having been convicted of an offence of failing to comply with a requirement of section 25 or 26, continues to fail to comply with the requirement commits a further offence on each day or part of a day during which the failure continues after that conviction and -
(a) if tried summarily, is liable on conviction to a fine not exceeding €200 for each such day or part of a day, or
(b) if tried on indictment, is liable on conviction to a fine not exceeding €7,500 for each such day or part of a day.
(3) If a regulated financial service provider that is a body corporate commits an offence under subsection (1) or (2), each person who, at the time when
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