(47)Member States should lay down rules on penalties applicable to infringements of the national provisions adopted pursuant to this Directive and ensure that they are implemented. While the choice of penalties remains within the discretion of the Member States, the penalties provided for should be effective, proportionate and dissuasive.
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New version applies from 20/03/2014 — introduced by Mortgage Credit Directive.
52 provisions change.
Later versions: 01/01/2018, 26/07/2019, 30/12/2023.
Recital 47 changes in this version: compare with the current text.