S.L. 117.27 Art. 7Penalties.

Any person who contravenes any of the provisions of these regulations or of any order made thereunder shall be guilty of an offence and shall be liable -

(a) on a first conviction to a fine (multa) of not less than one hundred and sixteen euros and forty-seven cents (116.47) but not exceeding six hundred and ninety-eight euros and eighty-one cents (698.81), and

(b) on a second or subsequent conviction, to imprisonment for a term not exceeding three months and to a fine (multa) of not less than two hundred and thirty-two euros and ninety-four cents (232.94) but not exceeding six hundred and ninety-eight euros and eighty-one cents (698.81), and the court shall, at the instance of the prosecution, suspend for a period not exceeding six months any licence held by the offender in connection with the transaction carried out by him.