(1) A person who fails to comply with any of the obligations imposed on such person by this Chapter shall -
(a) where the failure relates to the obligation imposed on a person under subsection (3) or (10) of section 817RC, or section 817RD(4) or 817RF, be liable to -
(i) a penalty not exceeding €4,000, and
(ii) if the failure continues after a penalty is imposed under subparagraph (i), to a further penalty of €100 per day for each day on which the failure continues after the day on which the penalty is imposed under that subparagraph,
(b) where the failure relates to the obligation imposed on a person under subsection (1), (1A), (2), (2A) or (5) of section 817RC or subsection (1) or (1A) of section 817RD, be liable to -
(i) a penalty not exceeding €500 for each day during the initial period, and
(ii) if the failure continues after a penalty is imposed under subparagraph (i), to a further penalty of €500 per day for each day on which the failure continues after the day on which
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