+Article 33 2.

Article 33 2.

In the event of any of the breaches referred to in point (e) of paragraph 1, Member States shall ensure that the competent authorities have the power to impose, in accordance with national law, at least the following administrative sanctions and other measures:

(a) 

a public statement, which indicates the responsible natural or legal person and the nature of the breach;

(b) 

an order requiring the responsible natural or legal person to cease the conduct and to desist from a repetition of that conduct;

(c) 

in the case of an insurance intermediary, withdrawal of the registration referred to in Article 3;

(d) 

a temporary ban on the exercise of management functions in insurance intermediaries or insurance undertakings imposed against any member of the management body of the insurance intermediary or insurance undertaking who is held responsible;

(e) 

in the case of a legal person, the following maximum administrative pecuniary sanctions:

(i) 

at least EUR 5 000 000 or up to 5 % of the total annual turnover according to the last available accounts approved by the management body, or in the Member States whose currency is not the euro, the corresponding value in the national currency on the date of entry into force of this Directive. Where the legal person is a parent undertaking or a subsidiary of a parent undertaking which has to prepare consolidated financial accounts according to Directive 2013/34/EU of the European Parliament and of the Council ( 6 ), the relevant total turnover shall be the total annual turnover according to the last available consolidated accounts approved by the management body of the ultimate parent undertaking; or

(ii) 

up to twice the amount of the profits gained or losses avoided because of the breach, where those can be determined;

(f) 

in the case of a natural person, the following maximum administrative pecuniary sanctions:

(i) 

at least EUR 700 000 or, in the Member States whose currency is not the euro, the corresponding value in the national currency on the date of entry into force of this Directive; or

(ii) 

up to twice the amount of the profits gained or losses avoided because of the breach, where those can be determined.

1. Forbhreathnú

,

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin
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