48.—(1) A person guilty of an offence under regulation 38(1), 39, 41, 42 or 43 is liable on summary conviction to a fine.
(2) A person guilty of an offence under regulation 44 is liable—
(a)on summary conviction, to imprisonment for a term not exceeding three months, to a fine or to both;
(b)on conviction on indictment to imprisonment for a term not exceeding two years, to a fine or to both.