TITLE 1 DEFINITIONS AND RELATIONSHIP TO COUNCIL REGULATION (EC) NO 2532/98 ( 17 )

1. Overview

Summary	Regulation
Article 120 Definition of administrative penalties	For the purposes of this Part, ‘administrative penalties’ means either of the following:
Article 121 Relationship to Regulation (EC) No 2532/98
Article 122 ECB powers to impose administrative penalties under Article 18(7) of the SSM Regulation	The ECB shall impose administrative penalties, as defined in Article 120(b), if there is a failure to comply with obligations under ECB regulations or decisions on:

Requirements
Source	Requirement

Standards
Source	Requirement

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