Paragraph 62 Chapter 8 (remedies, liability and penalties)

(1)

Article 83 is amended as follows.

(2)

In paragraph 1, for “Each supervisory authority” substitute “The Commissioner”.

(3)

In paragraph 2—

(a)

in point (f), for “the supervisory authority” substitute “the Commissioner”;

(b)

in point (h), for “the supervisory authority” substitute “the Commissioner”.

(4)

In paragraph 4, for “10 000 000 EUR” substitute “£8,700,000”.

(5)

In paragraph 5—

(a)

for “20 000 000 EUR” substitute “£17,500,000”;

(b)

for point (d) substitute—

“(d)
any obligations under Part 5 or 6 of Schedule 2 to the 2018 Act or regulations made under section 16(1)(c) of the 2018 Act;”;

(c)

in point (e), for “the supervisory authority” substitute “the Commissioner”.

(6)

In paragraph 6—

(a)

for “the supervisory authority” substitute “the Commissioner”;

(b)

for “20 000 000 EUR” substitute “£17,500,000”.

(7)

Omit paragraphs 7, 8 and 9.

(8)

After paragraph 9 insert—

“10.

In the 2018 Act, section 115(9) makes provision about the exercise of the Commissioner’s functions under this Article.”.