Companies Act 2014 section 1368

Conviction on indictment of offences under Irish market abuse law: penalties

Section 1368 sets out the penalties that apply when a person is convicted on indictment of an offence under Irish market abuse law.

• An "offence created by Irish market abuse law" means an offence established by regulations falling within the definition of "Irish market abuse law" in section 1365(1) of the Act
• A person found guilty of such an offence faces a maximum fine of €10,000,000 or imprisonment for up to 10 years, or both
• These indictment penalties apply in addition to any penalties that may be imposed on summary conviction under the relevant market abuse regulations
• This is one of the few offences in the Act that falls outside the standard four-category classification of offences used elsewhere in the legislation

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