1.

Without prejudice to the right for Member States to provide for and impose criminal sanctions pursuant to Article 34, Member States shall lay down rules establishing appropriate administrative sanctions, in the case of negligence or intentional infringement, and remedial measures, applicable at least to situations where: an originator, sponsor or original lender has failed to meet the requirements provided for in Article 6; an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 7; an originator, sponsor or original lender has failed to meet the criteria provided for in Article 9; an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 18; a securitisation is designated as STS and an originator, sponsor or SSPE of that securitisation has failed to meet the requirements provided for in Articles 19 to 22 or Articles 23 to 26; an originator or sponsor makes a misleading notification pursuant to Article 27(1); an originator or sponsor has failed to meet the requirements provided for in Article 27(4); or a third party authorised pursuant to Article 28 has failed to notify material changes to the information provided in accordance with Article 28(1), or any other changes that could reasonably be considered to affect the assessment of its competent authority. Member States shall also ensure that administrative sanctions and/or remedial measures are effectively implemented. Those sanctions and measures shall be effective, proportionate and dissuasive.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.