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Article 13 - Delegated Regulation 524/2014

Article 13

Communication of supervisory measures and sanctions

1.   The competent authorities of the home Member State shall inform the competent authorities of a host Member State of any of the following penalties or measures which have been imposed on or applied to an institution and which affect the operations of a branch:

(a)

administrative penalties imposed or other administrative measures applied pursuant to Articles 64 to 67 of Directive 2013/36/EU;

(b)

supervisory measures imposed pursuant to Articles 104 or 105 of Directive 2013/36/EU;

(c)

criminal penalties imposed which relate to breaches of Regulation (EU) No 575/2013 or of the national provisions transposing Directive 2013/36/EU.

2.   Where the information specified in paragraph 1 is relevant to a particular branch only, the competent authorities of the home Member State is only required to provide the information to the competent authorities of the host Member State in which that branch is established.