{
  "url": "https://openlegislation.uk/eu-decision-2017-33/article-2",
  "json_url": "https://openlegislation.uk/eu-decision-2017-33/article-2.json",
  "legislation": "eudn/2017/33",
  "legislation_title": "Decision (EU) 2017/2098 of the European Central Bank of 3 November 2017 on procedural aspects concerning the imposition of corrective measures for non-compliance with Regulation (EU) No 795/2014 (ECB/2017/33)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2017-33",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "General principles",
  "text": "1. Corrective measures shall be imposed on SIPS operators in accordance with Article 22 of Regulation (EU) No 795/2014 (ECB/2014/28) and the procedure laid down in this Decision.\n2. Competent authorities may initiate the procedure to impose a corrective measure in the following scenarios:\n(a) in case of non-compliance that has been confirmed by an assessment;\n(b) in case of ongoing non-compliance, where no corrective measure has been previously imposed on the SIPS operator;\n(c) where a draft assessment gives grounds to the competent authority to suspect non-compliance that is serious and requires immediate action.\n3. The formulation of corrective measures shall be sufficiently specific to allow a SIPS operator to undertake action without undue delay to remedy or avoid a repetition of its non-compliance.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2017/33/article/2",
    "retrieved_at": "2026-10-31T18:17:33.911649+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}