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Article 120 - Definition of administrative penalties

Article 120
Definition of administrative penalties

For the purposes of this Part, ‘administrative penalties’ means either of the following:

((a))

administrative pecuniary penalties provided for and imposed under Article 18(1) of the SSM Regulation;

((b))

fines and periodic penalty payments provided for in Article 2 of Regulation (EC) No 2532/98 and imposed under Article 18(7) of the SSM Regulation.

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