Article 22

Fines 1. The Commission may by decision impose on undertakings or associations of undertakings fines of from one hundred to five thousand units of account where, intentionally or negligently: (a) they supply incorrect or misleading information in an application pursuant to Article 12 or in a notification pursuant to Article 14 ; or they supply incorrect information in response to a request made pursuant to Article 18 or to Article 19 (3) or (5), or do not supply information within the time limit fixed by a decision taken under Article 19 (5) ; or they produce the required books or other business records in incomplete form during investigations under Article 20 or Article 21, or refuse to submit to an investigation ordered by decision issued in implementation of Article 21 (3). 2. The Commission may by decision impose on undertakings or associations of undertakings fines of from one thousand to one million units of account, or a sum in excess thereof but not exceeding 10 % of the turnover in the preceding business year of each of the undertakings participating in the infringement, where either intentionally or negligently: (a) they infringe Article 2 or Article 8 ; or they commit a breach of any obligation imposed pursuant to Article 13 (1) or Article 14 (4). In fixing the amount of the fine, regard shall be had both to the gravity and to the duration of the infringement. 3. Article 16 (3) to (6) and Article 17 shall apply. 4. Decisions taken pursuant to paragraphs 1 and 2 shall not be of a criminal law nature.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-21 · Text as adopted (Official Journal); later amendments are not incorporated in this text.