Competent authorities receiving confidential information under Article 44 may use it only in the course of their duties and only for the following purposes:
(a) to check that the conditions governing the taking-up of the business of credit institutions are met and to facilitate monitoring, on a non-consolidated or consolidated basis, of the conduct of such business, especially with regard to the monitoring of liquidity, solvency, large exposures, and administrative and accounting procedures and internal control mechanisms;
(b) to impose penalties;
(c) in an administrative appeal against a decision of the competent authority; or
(d) in court proceedings initiated pursuant to Article 55 or to special provisions provided for in this in other Directives adopted in the field of credit institutions.