Seanad debates

Tuesday, 23 October 2018

Markets in Financial Instruments Bill 2018: Committee and Remaining Stages


2:30 pm

Photo of Michael D'ArcyMichael 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.


No comments

Log in or join to post a public comment.