Power of the ECB to impose fines on undertakings (Article 132, TFEU)
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Domain: World
Definition
Within the limits and under the conditions adopted by the Council under the procedure laid down in Article 129(4),
the European Central Bank shall be entitled to impose fines or periodic penalty payments on undertakings for failure to comply with obligations under its regulations and decisions.
the European Central Bank shall be entitled to impose fines or periodic penalty payments on undertakings for failure to comply with obligations under its regulations and decisions.