(1) The Bank shall only take a decision pursuant to Regulation 26, 26A, 26B or 59 involving penalties or restrictions on the exercise of the freedom to provide services or the freedom of establishment where that decision is justified in the circumstances relating to the decision.
(2) Where the Bank takes a decision pursuant to Regulation 26, 26A, 26B or 59 involving penalties or restrictions on the exercise of the freedom to provide services or the freedom of establishment, it shall communicate the reasons for its decision to the electronic money institution concerned.
(3) Regulations 26, 26A and 26B shall be without prejudice to the obligation of the Bank under the law of the State giving effect to Directive (EU) 2015/849 and Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 [OJ No. L 141, 5.6.2015, p. 1.], in particular under the law of the State giving effect to Article 48(1) of Directive (EU) 2015/849 and Article 22(1) of that Regulation, to supe
…