# Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Text with EEA relevance), Article 17: Collection and distribution of cash penalties

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

1. CSDs shall charge and collect on at least a monthly basis the net amount of cash penalties to be paid by each failing participant.
Cash penalties shall be deposited into a dedicated cash account.
2. CSDs shall distribute on at least a monthly basis the net amount of cash penalties referred to in paragraph 1 to receiving participants affected by settlement fails.

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Source: https://www.legislation.gov.uk/eur/2018/1229/article/17 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-1229/article-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.