Seanad debates
Tuesday, 23 October 2018
Markets in Financial Instruments Bill 2018: Committee and Remaining Stages
2:30 pm
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
I thank the Senator. I note that the Central Bank can impose fines under the administrative sanctions regime. As the regulator it is allowed to do so. This legislation facilitates the criminal sanction of a penalty of €10 million, ten years in prison or both. That is what this legislation does and that is why it is so important.
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