art_20__para_3
IFD
3. Competent authorities shall publish the administrative sanctions or other administrative measures imposed in accordance with Article 18 on an anonymous basis in any of the following circumstances: the sanction or measure has been imposed on a natural person and publication of that person’s personal data is found to be disproportionate; the publication would jeopardise an ongoing criminal investigation or the stability of financial markets; the publication would cause disproportionate damage to the investment firms or natural persons involved.
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Source: EUR-Lex CELLAR · retrieved 2026-09-05 · Text as adopted (Official Journal); later amendments are not incorporated in this text.