Competent authorities performing covered bond public supervision should also have the power to impose administrative penalties and adopt other administrative measures in order to ensure the greatest possible scope for action following a breach and to help prevent further breaches, irrespective of whether such measures are qualified as an administrative penalty or other administrative measure under national law. Member States should be able to provide for penalties in addition to those provided for in this Directive.
Text applicable on 7 Oct 2026Consolidated version of 9 Jan 2024In forceUnofficial text · authentic on EUR-Lex (opens in a new tab)
CBD Recital (35) — as applicable on 7 Oct 2026 (version of 9 Jan 2024)
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