Sanctions

Without prejudice to any criminal sanctions that may apply, any individual who violates the provisions of Law 99/2005, including those specifically governing the functions assigned to the Central Bank, as well as the implementing decrees and regulatory measures outlined in Article 30 of the Central Bank's Articles of Association, will be subject to an administrative pecuniary sanction. The amount of the sanction will be determined by the Central Bank in accordance with the principle of proportionality, based on the severity of the violation, and will fall within a range between the minimum and maximum amounts.

A jurisdictional appeal against the sanction can be made to the Administrative Judge, as outlined in Article 31 of the Statute.

The Central Bank may, in cases it deems appropriate, publicize the pecuniary sanction, at a minimum revealing the nature of the violation and the parties subject to the sanction, as further detailed in the following sections:

• Sanctions related to statutory functions of supervision
• Sanctions related to other statutory functions.