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5.

Member States shall ensure that the competent authorities designated pursuant to Article 18(2) publish the decision imposing penalties or measures on an anonymous basis and in accordance with national law, in any of the following circumstances: where the penalty or measure is imposed on a natural person and the publication of personal data is found to be disproportionate; where publication would jeopardise the stability of financial markets or an ongoing criminal investigation; where publication would cause, insofar as it can be determined, disproportionate damage to the credit institutions or the natural persons involved.

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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.