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Article 9 Enforcement of the decision

United Kingdom

Original text. Later amendments are not shown.

1.

Once the decision on the imposition of a sanction has become final, the Governing Council of the ECB, after consulting the relevant national supervisory authorities, may decide to publish the decision or information relating thereto in the Official Journal of the European Communities. Such decision to publish shall have regard to the legitimate interest of the undertaking concerned to protect its business interests, and also to any other individual interest.

2.

The decision of the ECB shall establish the manner in which payment of the sanction is to be made.

3.

The ECB may request the national central bank of the Member State in whose jurisdiction the sanction is to be enforced to adopt all measures necessary to that end.

4.

The national central banks shall report to the ECB on the enforcement of the sanction.

F15.

The national central bank concerned or the ECB, as the case may be, shall store all the information relevant to the determination and enforcement of the sanction in a file that be kept for at least five years from the date on which the decision on the imposition of the sanction becomes final. The competent national central bank shall forward to the ECB copies of all original documentation and materials in its possession relating to the infringement procedure.

Annotations

Textual amendments

F1

Substituted by Regulation (EC) No 985/2001 of the European Central Bank of 10 May 2001 amending Regulation ECB/1999/4 on the powers of the European Central Bank to impose sanctions (ECB/2001/4).