EN-6.1.2

Past version: Effective from 01 Apr 2016 to 30 Jun 2018
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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 or persons' referred to in paragraph (b) of Article (68 bis 1) of the CBB Law behaviour and by limits set in the CBB Law. The CBB intends that the impact of a penalty should derive more from its signaling effect than from the actual amount of money involved.

Amended: April 2016
Amended: October 2010
Added: October 2007