periodic penalty payments

Defined in Article 1, Decision (EU) 2017/2097 of the ECB

Definitions over time (1)

1. 06/12/2017 – today applies on 11/11/2026 Article 1, Decision (EU) 2017/2097 of the ECB Scope: Whole act

   ‘periodic penalty payments’ means amounts of money that, in the event of a continued infringement, a SIPS operator is obliged to pay, either as a punishment or with a view to forcing the SIPS operator concerned to comply with its obligations under Regulation (EU) No 795/2014 (ECB/2014/28). These amounts shall be calculated for each complete day of continued infringement following notification to the SIPS operator of a decision requiring the termination of the infringement in accordance with the procedure laid down in the second subparagraph of Article 3(1) of Regulation (EC) No 2532/98;

Used in (7 places in 4 provisions on 11/11/2026)

Decision (EU) 2017/2097 of the ECB (7 in 4)

Article 1² · Article 2 · Article 3 · Article 5³