Recital 44

(44) In order to ensure effective enforcement of this Regulation, a minimum for the maximum of administrative fines for both qualified and non-qualified trust service providers should be established. Member States should provide for effective, proportionate and dissuasive penalties. When determining the penalties, the size of the affected entities, their business models and the severity of the infringements should be duly taken into consideration.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.