1. The Board shall publish the decisions imposing penalties referred to in Article 38(1) and Article 39(1), unless such disclosure could endanger the resolution of the entity concerned. The publication shall be on an anonymous basis, in any of the following circumstances:
(a) where the information published contains personal data and following an obligatory prior assessment, such publication of personal data is found to be disproportionate;
(b) where publication would jeopardise the stability of financial markets or an ongoing criminal investigation;
(c) where publication would cause, insofar as it can be determined, disproportionate damage to the natural or legal persons involved.
Alternatively, in such cases, the publication of the data in question may be postponed for a reasonable period if it is foreseeable that the reasons for anonymous publication will cease to exist within that period.
The Board shall inform EBA of all fines and periodic penalty payments imposed by it under Arti
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