(1) A donation report made in accordance with article 38 shall be delivered to the Commission by the treasurer of the political party within the period of sixty days beginning with the end of the annual reporting period to which it relates:

Provided that in the case of an independent candidate, the donation report shall be delivered by the independent candidate to the Commission within the period of sixty days beginning from the date of the election.

(2) Any person being a treasurer of a political party or an independent candidate who, without reasonable excuse, fails to comply with the requirements of sub-article (1) shall be guilty of an offence and shall be liable to an administrative fine of not more than twenty thousand euro (€20,000).

(3) Any person, being a treasurer of a political party or an independent candidate, who, without reasonable excuse, delivers a donation report to the Commission which is not in conformity with the requirements of article 38 shall be guilty of an offence and shall be liable to an administrative fine of ten thousand euro (€10,000).

(4) Where the First Hall, Civil Court, is satisfied, on an application made by the Commission, that any failure to comply with any such requirements in relation to any donation to a political party or an independent candidate was attributable to an intention on the part of any person to conceal the existence or true amount of the donation, the Court may order the forfeiture in favour of the government by the political party or independent candidate of an amount equal to the value of the donation.