Article 34
Publication of decisions
The first subparagraph does not apply to decisions imposing measures that are of an investigatory nature.
Where a competent authority considers that the publication of the identity of the legal person subject to the decision, or of the personal data of a natural person, would be disproportionate following a case-by-case assessment conducted on the proportionality of the publication of such data, or where such publication would jeopardise an ongoing investigation or the stability of the financial markets, it shall do any of the following:
defer publication of the decision until the reasons for that deferral cease to exist;
publish the decision on an anonymous basis in accordance with national law where such publication ensures the effective protection of the personal data concerned;
not publish the decision in the event that the competent authority is of the opinion that publication in accordance with point (a) or (b) will be insufficient to ensure:
that the stability of financial markets is not jeopardised; or
the proportionality of the publication of such decisions with regard to measures which are deemed to be of a minor nature.
Where a competent authority takes a decision to publish a decision on an anonymous basis as referred to in point (b) of the third subparagraph, it may postpone the publication of the relevant data for a reasonable period of time where it is foreseeable that the reasons for anonymous publication will cease to exist during that period.