Contents
- 1. Competent NCBs or the ECB shall initiate an infringement p…
- 2. For the purposes of paragraph 1, points (b), (c) and (d),…
- 3. Competent NCBs or the ECB may initiate an infringement pro…
- 4. For the purposes of paragraphs 1 and 3, competent NCBs or…
- 5. Competent NCBs or the ECB may initiate an infringement pro…
- 6. Except in cases of serious misconduct, a competent NCB or…
- 7. A competent NCB or the ECB shall not initiate an infringem…
- 8. A competent NCB or the ECB shall not initiate an infringem…
- 9. A competent NCB or the ECB shall retain electronic records…
2.For the purposes of paragraph 1, points (b), (c) and (d), a cumulative alleged infringement shall include each of the following:
(a)at least three alleged infringements by a reporting agent of daily reporting requirements within the same month or at least five alleged infringements within three consecutive calendar months;
(b)at least three alleged infringements by a reporting agent of monthly reporting requirements within six consecutive months;
(c)at least three alleged infringements by a reporting agent of quarterly reporting requirements within four consecutive quarters;
(d)any two consecutive alleged infringements by a reporting agent of semi-annual reporting requirements;
(e)any two consecutive alleged infringements by a reporting agent of annual reporting requirements.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.