EN-6.1.2
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
Amended: October 2010
Added: October 2007