619. Prohibited financial assistance a contravention of these Regulations

(1) If a company contravenes section 617(1) or (3) or section 618(1) or (3) (prohibited financial assistance) a contravention of these Regulations is committed by-
(a) the company, and
(b) every officer of the company who is in default.
(2) A person who commits a contravention under this section is liable to a level 3 fine.