Cap. 545 Art. 38Power of Minister to make regulations in relation to criminal offences.

Without prejudice to any other provision of this Act the

Minister may, after consultation with the Regulator, make regulations prescribing penalties for criminal offences against any regulations made under this Act, and such regulations may:

(a) prescribe imprisonment and different fines (multi) for different offences;

(b) prescribe fines (multi) calculated in accordance with the duration of the commission of the offence: Provided that any such regulations as may be made shall not provide for:

(i) imprisonment for more than eighteen months, or a fine (multa) of more than seventy thousand euro (€70,000); or

(ii) a fine of more than one thousand four hundred euro (€1,400) for each day during which the offence persists.