EN-6.1.2

Past version: Effective from 01 Oct 2007 to 30 Sep 2010
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The level of financial penalty applied is determined by the nature of the contravention and the amount of additional supervisory attention and resources taken up by a licensee's behaviour and by limits set in the CBB Law. The Central Bank intends that the impact of a penalty should derive more from its signaling effect than from the actual amount of money involved.

Added: October 2007