Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-11-26-Speech-3-169-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-11-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:The powers of the European Central Bank to impose sanctions (A8-0028/2014 - Kay Swinburne)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20141126.18.3-169-750"2
lpv:hasSubsequent	lp_eu:2014-11-26-Speech-3-170-0002
lpv:speaker	lp:Deirdre Clune2
lpv:spoken text	"The regulation is necessary in order to give practical effect to Article 34(3) of the Statute of the European System of Central Banks (ESCB), which provides that, within the limits and under the conditions adopted by the Council, the ECB is entitled to impose fines or periodic penalty payments on undertakings for failure to comply with its regulations and decisions. The fines and periodic penalty payments imposed by the ECB are subject to the following limits: fines: the upper limit is EUR 500 000; periodic penalty payments: the upper limit is EUR 10 000 per day of infringement. Periodic penalty payments may be imposed in respect of a maximum period of six months following the notification of the decision to the undertaking. The decision on the appropriate sanction is based on the principle of proportionality. Under the regulation, the Executive Board of the ECB has the power to decide whether an infringement has occurred and whether sanctions should be imposed; however, the national central banks may initiate and also conduct part of the infringement procedure."@en1
lpv:spokenAs	member; TRAN (2014-07-01--2017-01-18)3 substitute; EMPL (2014-07-01--2017-01-18)3
lpv:unclassifiedMetadata	"Deirdre Clune (PPE ),"1 "in writing. —"1

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The resource appears as object in 2 triples

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