+Article 11 1b.

Article 11 1b.

With respect to penalties applicable to infringements of Article 5d, Member States shall ensure that such penalties include:

(a) 

in the case of a legal person, maximum administrative fines of at least 10 % of the total annual net turnover of the legal person in the preceding business year;

(b) 

in the case of a natural person, maximum administrative fines of at least EUR 5 000 000 , or the equivalent amount in the national currency in the Member States whose currency is not the euro on 8 April 2024.

For the purposes of point (a) of this paragraph, where the legal person is a subsidiary of a parent undertaking, as defined in Article 2, point (9), of Directive 2013/34/EU of the European Parliament and of the Council ( 7 ), or of any undertaking which effectively exercises a dominant influence over that legal person, the relevant turnover shall be the turnover resulting from the consolidated accounts of the ultimate parent undertaking in the preceding business year.

1. Ħarsa ġenerali

,

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards