Article 54 — Use of confidential information

Competent authorities receiving confidential information under Article 53 shall use it only in the course of their duties and only for any of the following purposes: (a) to check that the conditions governing access to the activity of credit institutions are met and to facilitate monitoring, on a non-consolidated or consolidated basis, of the conduct of such activity, especially with regard to the monitoring of liquidity, solvency, large exposures, and administrative and accounting procedures and internal control mechanisms; (b) to impose penalties; (c) in an appeal against a decision of the competent authority including court proceedings pursuant to Article 72; (d) in court proceedings initiated pursuant to special provisions provided for in Union law adopted in the field of credit institutions.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04