+Article 49 4.

Article 49 4.

Member States shall, in accordance with national law, ensure that competent authorities have the power to impose the following administrative penalties and other administrative measures in relation to the infringements referred to in paragraph 1, point (a):

(a) 

a public statement indicating the natural or legal person responsible and the nature of the infringement in accordance with Article 45(1), point (l);

(b) 

an order requiring the natural or legal person responsible to cease the conduct constituting the infringement;

(c) 

an order prohibiting the natural or legal person responsible from issuing European Green Bonds for a period not exceeding one year;

(d) 

maximum administrative fines of at least twice the amount of the profits gained or losses avoided because of the infringement where those can be determined;

(e) 

in the case of a legal person, maximum administrative fines of at least EUR 500 000 , or, in the Member States whose currency is not the euro, the corresponding value in the national currency on 20 December 2023, or 0,5 % of the total annual turnover of that legal person according to the most recent available financial statements approved by the management body;

(f) 

in the case of a natural person, maximum administrative fines of at least EUR 50 000 , or, in the Member States whose currency is not the euro, the corresponding value in the national currency on 20 December 2023.

For the purposes of the first subparagraph, point (e), where the legal person is a parent undertaking or a subsidiary of a parent undertaking which is required to prepare consolidated financial statements in accordance with Directive 2013/34/EU, the relevant total annual turnover shall be the total annual turnover or the corresponding type of income in accordance with the applicable Union law in the field of accounting according to the most recent available consolidated accounts approved by the management body of the ultimate parent undertaking.

1. Panoramica

,

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard