Article 54

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: 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; to impose penalties; in an appeal against a decision of the competent authority including court proceedings pursuant to Article 72; 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 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.