S.L. 403.6 · Insurance Business (Penalties For (S.L. 403.6)
S.L. 403.6 Art. 3Classification of penalties.
(1) For the purposes of these regulations, penalties are divided into court penalties and administrative penalties, and -
"court penalties" which are enforceable by prosecution in the courts of Malta shall be construed in accordance with the provisions of the First Schedule; and "administrative penalties" shall be construed in accordance with the provisions of the Second Schedule.
(2) With respect to a penalty of any level specified in the first column of the First Schedule which is a court penalty, the penalty shall be either the corresponding fine (multa) specified in the second column thereof or the corresponding period of imprisonment specified in the third column thereof or both such fine (multa) and imprisonment.
(3) With respect to an administrative penalty of any level specified in the first column of the Second Schedule, the penalty shall be the corresponding amount specified in the second column thereof and, where the competent authority deems necessary, the corresponding amount for each day during which the infringement continues specified in the third column thereof.
Wijzigingsgeschiedenis
- Amended by L.N. 241 of 2018