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Book 1 · Commercial entities  ›  Division 8 · Commercial brokers › Section 103

Section 103

(1) Anyone who, acting as a commercial broker,

1.  intentionally or negligently fails to maintain a journal concerning the transactions concluded, or maintains the journal in a manner contrary to section 100 (1), or

2.  destroys such a journal before expiry of the statutory retention period.

is deemed to have committed a regulatory offence.

(2) This regulatory offence is punishable by a fine not exceeding five thousand euros.

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