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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 April 2021 - onwards
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Article 32 Administrative sanctions and remedial measures

1. Without prejudice to the right for Member States to provide for and impose criminal sanctions pursuant to Article 34, Member States shall lay down rules establishing appropriate administrative sanctions, in the case of negligence or intentional infringement, and remedial measures, applicable at least to situations where:

(a) an originator, sponsor or original lender has failed to meet the requirements provided for in Article 6;

(b) an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 7;

(c) an originator, sponsor or original lender has failed to meet the criteria provided for in Article 9;

(d) an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 18;

(e) a securitisation is designated as STS and an originator, sponsor or SSPE of that securitisation has failed to meet the requirements provided for in Articles 19 to 22, Articles 23 to 26 or Articles 26a to 26e;

(f) an originator or sponsor makes a misleading no

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