(1) An investment company, proposed management company or management company which, or a trustee or any person who, contravenes any provision of these Regulations is guilty of an offence.
(2) An auditor who contravenes any provision of these Regulations is guilty of an offence.
(3) A person who contravenes the conditions of professional secrecy imposed by these Regulations is guilty of an offence.
(a) A person guilty of an offence under paragraph (1) or (2) is liable on summary conviction to a fine not exceeding € 1,270 or, at the discretion of the court in the case of an individual, to imprisonment for a term not exceeding 12 months or to both.
(b) If the contravention in respect of which a person was convicted under paragraph (a) is continued after the conviction that person is guilty of a further offence on every day on which the contravention continues and for each such offence the person is liable on summary conviction to a fine not exceeding € 320.
(5) Summary procee