Regulatory Alerts2018-09-12
Added · Updated
Criteria and Determination of Non-Compliant Parties' Ability to Pay
The document establishes that a non-compliant party's ability to pay is a criterion for sanctions to ensure the financial impact of an offence is proportionate to the entity's size. For legal entities, this ability is determined by assessing own funds, balance sheet total, turnover, profit and loss account, soundness, and liquidity. For natural persons, the assessment is based on income, assets, debts, regular charges, and other personal circumstances. Non-compliant parties are required to provide the necessary information to support this determination.
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