Article 33 - Sanctions

‹

Article 33

Sanctions

1. In the case of an infringement of this Regulation, the ECB may impose sanctions on the SIPS operator. Where the SIPS operator is a branch, the sanctions shall be imposed on the branch.

2. Sanctions imposed pursuant to paragraph 1 shall be in accordance with Regulation (EC) No 2532/98 and Regulation (EC) No 2157/99 of the European Central Bank (ECB/1999/4) ¹⁷. The amount of the sanctions shall be calculated in accordance with Decision (EU) 2017/2097 of the European Central Bank (ECB/2017/35) ¹⁸.

18 Decision (EU) 2017/2097 of the European Central Bank of 3 November 2017 on the methodology for calculating sanctions for infringements of the oversight requirements for systemically important payment systems (ECB/2017/35) ( OJ L 299, 16.11.2017, p. 31 , ELI: http://data.europa.eu/eli/dec/2017/2097/oj ). ↩
17 Regulation (EC) No 2157/99 of the European Central Bank of 23 September 1999 on the powers of the European Central Bank to impose sanctions (ECB/1999/4) ( OJ L 264, 12.10.1999, p. 21 , ELI: http://data.europa.eu/eli/reg/1999/2157/oj ). ↩