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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
  Version 2 of 2    

Regulation 177 Effective application of penalties and exercise of powers to impose penalties by Bank.

The Bank shall, when determining the type of administrative penalties or other administrative measures and the level of administrative pecuniary penalties, take into account all relevant circumstances, including, where applicable, the following:

(a) the gravity and the duration of the infringement;

(b) the degree of responsibility of the natural or legal person responsible;

(c) the financial strength of the natural or legal person responsible, (including, among other things, as indicated by the total turnover of the responsible legal person or the annual income of the responsible natural person);

(d) the amount of profits gained or losses avoided by the natural or legal person responsible, insofar as they can be determined;

(e) the losses for third parties caused by the infringement, insofar as they can be determined;

(f) the level of cooperation of the natural or legal person responsible with the competent authority and the resolution authority;

(g) previous infringements by the natur

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