Cap. 529 Art. 9Administrative penalties and other measures.

(1) Where any person contravenes or fails to comply with any of the provisions of this Act or of any regulations or rules issued thereunder, with any of the conditions imposed in an authorisation or a registration issued by the Authority, with any directive issued by the

Authority, or fails to cooperate with the Authority in an investigation, the Authority may, by notice in writing and without recourse to a court hearing, impose on any such person an administrative penalty which may not exceed fifty thousand euro (€50,000) for each infringement or failure to comply, as the case may be: Provided that where a person fails to comply with the provisions of article 3(1) the Authority may, by notice in writing and without recourse to a court hearing, impose on any such person an administrative penalty which may not exceed one hundred and fifty thousand euro (€150,000) for each breach or failure to comply, as the case may be.

(2) An administrative penalty imposed in terms of sub-article

(1) may be imposed in the form of a fixed penalty, a daily penalty or both.

(3) The imposition by the Authority of an administrative penalty in terms of this article shall be without prejudice to any other consequence of the act or omission of the offender under civil or criminal law.

(4) The Authority shall, by means of a public statement, disclose the name of the person sanctioned, the particular breach of the provisions of this Act or of any regulations or rules issued thereunder, and the administrative penalty or administrative measure imposed.

REGULATORY AND INVESTIGATIVE POWERS