Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank of Ireland: Discussion

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

Regulation 188 in MiFID says that a person is guilty of an offence and shall be liable on summary conviction to a fine not exceeding €5,000 or a term not exceeding 12 months if the person contravenes a provision of these regulations. Why then does Ms Rowland tell me that a breach of these regulations is not a criminal offence?

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