S.L. 376.8 · Credit Institutions And Financial (S.L. 376.8)
S.L. 376.8 Art. 42Public notice.
PART 5
(1) The competent authority may publish on its official website and in any other media as it considers appropriate, any administrative penalty imposed in terms of regulation 41, any directive issued in terms of regulation 38, or any other administrative measure imposed in terms of these regulations:
Provided that in cases where an appeal has been filed by the person on whom such administrative penalty or measure has been imposed or against whom a directive has been issued, the competent authority shall, without undue delay, also publish on its official website and in any other media as it considers appropriate, information on the status of the appeal and the outcome thereof.
(1A) Publications referred to in this regulation shall include:
(i) the name of the payment service provider upon which an administrative penalty has been imposed;
(ii) the provision or provisions breached; and
(iii) the administrative penalty imposed.
(2) The competent authority may require the payment service provider concerned to pay all the expenses of, and incidental to, any publication pursuant to this regulation,or such part thereof as it may deem appropriate; and any sum so due shall be recoverable by the competent authority in the same manner as an administrative penalty imposed under these regulations.
(3) The competent authority shall withhold any public disclosure referred to this regulation where it deems that such disclosure would be of detriment to the interests of consumers, seriously jeopardise the financial markets or cause disproportionate damage to the parties involved.
Änderungsgeschichte
- Amended by L.N. 324 of 2018