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Article 51: Exercise of the power to impose administrative penalties and remedial measures

agent:eu:dora:art-51 · sha256 a65029a453e33657

Turnover framework under the act

The act sets no turnover framework. Penalties are laid down by the Member States.

Affected roles

Not in the register yet.

Affected industries

banking, insurance

Obligations

Not in the register yet.

Article text

1. Competent authorities shall exercise the powers to impose administrative penalties and remedial measures referred to in Article 50 in accordance with their national legal frameworks, where appropriate, as follows:

(a)

directly;

(b)

in collaboration with other authorities;

(c)

under their responsibility by delegation to other authorities; or

(d)

by application to the competent judicial authorities.

2. Competent authorities, when determining the type and level of an administrative penalty or remedial measure to be imposed under Article 50, shall take into account the extent to which the breach is intentional or results from negligence, and all other relevant circumstances, including the following, where appropriate:

(a)

the materiality, gravity and the duration of the breach;

(b)

the degree of responsibility of the natural or legal person responsible for the breach;

Machine-readable formThe article in the registerChangesSource: NovaCopilot