Seanad debates

Tuesday, 26 April 2005

Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Committee and Remaining Stages.

 

3:00 pm

Derek McDowell (Labour)

I appreciate that we are talking about summary offences and I assume the provisions in this section constitute the maximum sentence for summary offences but is there provision in the amendments for indictable offences? If we are talking about the creation of summary offences, these are fairly light fines in an industry where people have very deep pockets. The maximum fines that can be imposed are €5,000 or €15,000.

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