Updated 15/01/2025
No longer in force since 29/12/2024

Version from: 01/01/2020
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Article 18 - Specific provisions

Article 18

Specific provisions

Member States shall ensure that their administrative sanctions and measures include at least those laid down by Article 59(2) and (3) of Directive (EU) 2015/849 in the event of the following breaches of this Regulation:

(a) 

repeated or systematic failure by a payment service provider to include the required information on the payer or the payee, in breach of Article 4, 5 or 6;

(b) 

repeated, systematic or serious failure by a payment service provider to retain records, in breach of Article 16;

(c) 

failure by a payment service provider to implement effective risk-based procedures, in breach of Articles 8 or 12;

(d) 

serious failure by an intermediary payment service provider to comply with Article 11 or 12.