Criminal provisions

(1) Whoever, without a licence under section 15(1), first half-sentence, (3), (4), first sentence or (6), first sentence, provides an investment service, an ancillary investment service or ancillary business, purchases or sells a financial instrument for their own account, carries on own-account business, or distributes their own financial instrument, is liable to imprisonment not exceeding five years or to a fine.
(1a) The same penalty applies to whoever, without authorisation under Article 27b(1), second subparagraph of Regulation (EU) No 600/2014 as in force on 23 October 2024, provides the service of a data reporting services provider.
(2) Where the offender acts negligently, the penalty is imprisonment not exceeding three years or a fine.