lexiara

Recital 29

CRD6
DIRECTIVE (EU) 2024/1619 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks (Text with EEA relevance) · European Union

(29) Administrative pecuniary penalties should have a deterrent effect in order to prevent the natural or legal person in breach of national provisions transposing Directive 2013/36/EU or in breach of Regulation (EU) No 575/2013 from engaging in the same or similar conduct in the future. Administrative pecuniary penalties on legal persons should be applied consistently, in particular as regards the determination of the maximum amount of such penalties, which should take into account the total annual net turnover of the relevant undertaking. However, total annual net turnover within the meaning of Directive 2013/36/EU is currently neither exhaustive nor sufficiently clear to ensure a level playing field in the application of administrative pecuniary penalties. To ensure a consistent calculation throughout the Union, Directive 2013/36/EU should provide for a list of elements to be included in the calculation of the total annual net turnover.

· All articles ·

Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.