Article 1 › 1

Member States shall ensure that their laws, regulations and administrative provisions provide for administrative penalties, periodic penalty payments and other administrative measures at least where: (a) activities as a credit institution are commenced without obtaining prior authorisation in breach of Article 8 of this Directive; (b) at least one of the activities referred to in Article 4(1), point (1)(b), of Regulation (EU) No 575/2013 is carried out by an entity that meets the threshold indicated in that point and that is not authorised as a credit institution, except for entities requesting the waiver under Article 8a of this Directive; (c) the business of taking deposits or other repayable funds from the public is conducted without being authorised as a credit institution in breach of Article 9 of this Directive; (d) a qualifying holding in a credit institution is acquired, directly or indirectly, or further increased, directly or indirectly, such that the proportion of the voting rights or of the capital held would reach or exceed the thresholds referred to in Article 22(1) of this Directive or the credit institution would become the subsidiary of the acquirer, without notifying in writing the competent authorities of the credit institution in relation to which the acquirer seeks to acquire or increase the qualifying holding, during the assessment period, or against the opposition of the competent authorities, in breach of that Article; (e) a qualifying holding in a credit institution is disposed of, directly or indirectly, or reduced as a result of which the proportion of the voting rights or of the capital held would fall below the thresholds referred to in Article 25 of this Directive or the credit institution would cease to be a subsidiary of the legal person disposing of the qualifying holding, without notifying in writing the competent authorities, in breach of that Article; (f) a financial holding company or mixed financial holding company within the scope of Article 21a(1) of this Directive fails to apply for approval in breach of that Article or breaches any other requirement set out in that Article; (g) a proposed acquirer within the meaning of Article 27a(1) of this Directive fails to notify the relevant competent authority of a direct or indirect acquisition of a material holding, in breach of that Article; (h) any of the entities referred to in Article 27d of this Directive fails to notify the relevant competent authority of a direct or indirect disposal of a material holding that exceeds 15 % of the eligible capital of that entity; (i) any of the entities referred to in Article 27f(1) of this Directive executes a material transfer of assets and liabilities without notifying the competent authorities, in breach of that Article; (j) any of the entities referred to in Article 27i(1) of this Directive carries out a merger or division in breach of that Article.

1 national measure recorded under this provision, in 1 form — sign in to view the analysis.

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