+Article 131 Limitation periods for the enforcement of administrative penalties
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Article 131 Limitation periods for the enforcement of administrative penalties

1. Overview

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Article 131 1

1.   The ECB’s power to enforce a decision taken pursuant to Article 18(1) and (7) of the SSM Regulation shall be subject to a limitation period of five years, which shall begin to run on the date of adoption of the decision in question.
Article 131 2

2.   Any action of the ECB designed to enforce payment or payment terms and conditions under the administrative penalty concerned shall cause the limitation period for the enforcement of administrative penalties to be interrupted.
Article 131 3

3.   Each interruption shall cause the limitation period to begin to run afresh.
Article 131 4

4.   The limitation period for the enforcement of administrative penalties shall be suspended for such period as:

(a)

time to pay is allowed;

(b)

enforcement of payment is suspended pursuant to a decision of either the ECB’s Governing Council or the Court of Justice.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards