MiCA · CELEX 02023R1114-20240109

Article 132

Verbatim text of the current consolidated version (consolidated 2024-01-09) · status: in force. Check it on EUR-Lex ↗

MiCA, Article 132(1) — Periodic penalty payments

EBA shall adopt a decision imposing periodic penalty payments in order to compel: (a) a person to cease the conduct constituting an infringement in accordance with a decision taken pursuant to Article 130; (b) a person referred to in Article 122(1): (i)to provide complete information which has been requested by a decision pursuant to Article 122; (ii)to submit to an investigation and in particular to produce complete records, data, procedures or any other material required and to complete and correct other information provided in an investigation launched by a decision pursuant to Article 123; (iii)to submit to an on-site inspection ordered by a decision taken pursuant to Article 124.

MiCA, Article 132(2) — Periodic penalty payments

A periodic penalty payment shall be effective and proportionate. The periodic penalty payment shall be imposed for each day of delay.

MiCA, Article 132(3) — Periodic penalty payments

Notwithstanding paragraph 2, the amount of the periodic penalty payments shall be 3 % of the average daily turnover in the preceding business year or, in the case of natural persons, 2 % of the average daily income in the preceding calendar year. It shall be calculated from the date set out in EBA’s decision imposing the periodic penalty payment.

MiCA, Article 132(4) — Periodic penalty payments

A periodic penalty payment shall be imposed for a maximum period of six months following the notification of EBA’s decision. At the end of that period, EBA shall review the measure.

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