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New version applies from 17/04/2007 — introduced by Commission Directive 2007/18/EC. 189 provisions change. Later versions: 21/09/2007, 25/12/2007, 21/03/2008, 17/08/2009, 30/10/2009, 07/12/2009, 30/03/2010, 04/01/2011, 09/12/2011, 01/07/2013, 01/01/2014. Article 45 changes in this version: compare with the current text.

Article 45

Article 45

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.

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