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Regulation 1227/2011/EU - REMIT RegulationRecitalsArticle 1 Subject matter, scope and relationship with other Union legislationArticle 2 DefinitionsArticle 3 Prohibition of insider tradingArticle 4 Obligation to publish inside informationArticle 4a Authorisation and supervision of inside information platformsArticle 5 Prohibition of market manipulationArticle 5a Algorithmic tradingArticle 6 Technical updating of definitions of inside information and market manipulationArticle 7 Market monitoringArticle 7a Tasks and powers of the Agency with regard to LNG price assessments and LNG benchmarksArticle 7b Publication of LNG price assessments and LNG benchmarksArticle 7c Provision of LNG market data to the AgencyArticle 7d LNG market data qualityArticle 7e Business continuityArticle 8 Data collectionArticle 9 Registration of market participantsArticle 9a Authorisation and supervision of registered reporting mechanismsArticle 10 Sharing of information between the Agency and other authoritiesArticle 11 Data protectionArticle 12 Operational reliabilityArticle 13 Implementation of prohibitions against market abuseArticle 13a On-site inspections by the AgencyArticle 13b Request for informationArticle 13c Power to take statementsArticle 13d Procedural safeguardsArticle 13e Mutual assistanceArticle 13f Investigating officerArticle 13g Periodic penalty paymentsArticle 13h Procedural safeguards with regard to periodic penalty payment decisionsArticle 13i Nature, enforcement and allocation of periodic penalty paymentsArticle 13j Review by the Court of JusticeArticle 14 Right of appealArticle 15 Obligations of persons professionally arranging or executing transactionsArticle 16 Cooperation at Union and national levelArticle 16a Delegation of tasks and responsibilitiesArticle 16b Guidelines and recommendationsArticle 17 Professional secrecyArticle 18 PenaltiesArticle 19 International relationsArticle 20 Exercise of the delegationArticle 21 Committee procedureArticle 21a Report and reviewArticle 22 Entry into forceCommission statementCouncil statementDone at
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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 7 May 2024 - onwards
Version 2 of 2

Article 13i Nature, enforcement and allocation of periodic penalty payments

1. Periodic penalty payments imposed pursuant to Article 13g shall be of an administrative nature.

2. Periodic penalty payments imposed pursuant to Article 13g shall be enforceable.

Enforcement shall be governed by the applicable national procedural rules of the Member States concerned.

The order for its enforcement shall be appended to the Agency's decision without any other formality than verification of the authenticity of the decision by the national authority which the government of each Member State shall designate for that purpose and which it shall make known to the Agency and to the Court of Justice.

When the designated national authority has completed the formalities referred to in the third subparagraph, upon application by the Agency, the Agency may proceed to enforcement in accordance with the applicable national law, by bringing the matter directly before the designated national authority.

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