(1) A person who contravenes Regulation 6(3) commits an offence and is liable -
(a) on summary conviction to a fine not exceeding €5,000 or, at the discretion of the court, to 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, at the discretion of the court, to imprisonment for a term not exceeding 3 years, or to both.
(2) [deleted]
(3) A prosecution for an offence under these Regulations which is being tried summarily may be prosecuted by the Bank and a statement made by the person conducting such prosecution shall be sufficient evidence that the prosecution was so commenced.
(4) Where an offence under these Regulations has been committed by a body corporate or by a person purporting to act on behalf of a body corporate or an unincorporated body of persons and is proved to have been so committed with the consent or approval of, or to have been facilitated by any wilful neglect on the part of, an