# Decision (EU) 2017/2097 of the European Central Bank of 3 November 2017 on the methodology for calculating sanctions for infringements of the oversight requirements for systemically important payment systems (ECB/2017/35), Article 3: Calculation of the baseline amount of a sanction

Extent: E+W+S+N.I.

1. The ECB shall calculate the baseline amount of any sanction to be imposed on a SIPS operator by reference to the turnover and the value of payments processed by the SIPS concerned.
2. The baseline amount of the sanction shall represent 50 % of the sum of the following amounts:
(a) 1 % of turnover; and
(b) 0,0001 % of the value of payments processed.
3. For periodic penalty payments, the baseline amount shall be divided by 180 to calculate the amount payable for each complete day of continued infringement.

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Source: https://www.legislation.gov.uk/eudn/2017/35/article/3 (the official version)
Page: https://openlegislation.uk/eu-decision-2017-35/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.