{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2024/1504 — Delegated act — EBA Fines Procedure [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules/articles/3","url":"https://www.headlesslaw.com/mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules/articles/3","title":"Article 3 — Procedural rules in infringement proceedings before the EBA with regard to periodic penalty 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Delegated Regulation (EU) 2024/1504 · binding · OJ L, 2024/1504, 30.5.2024 · dated 22 Feb 2024 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2024-02-22","published_on":"2024-05-30","entry_into_force":"2024-06-19","locators":{"document_date":"CELLAR 32024R1504 work_date_document","published_on":"CELLAR 32024R1504 official-journal-act_date_publication","entry_into_force":"CELLAR 32024R1504 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules","path":"/mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules","name":"Commission Delegated Regulation (EU) 2024/1504","number":"2024/1504","celex":"32024R1504","title_official":"COMMISSION DELEGATED REGULATION (EU) 2024/1504 of 22 February 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council by specifying the procedural rules for the exercise of the power to impose fines or periodic penalty payments by the European Banking Authority on issuers of significant asset-referenced tokens and issuers of significant e-money tokens (Text with EEA relevance)","document_date":"2024-02-22"},"position":{"kind":"article","key":"3","index":3,"articles":9,"annexes":0},"prev":{"path":"/mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules/articles/2","key":"2","title":"Article 2 — Procedural rules in infringement proceedings before the EBA with regard to fines and supervisory measures"},"next":{"path":"/mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules/articles/4","key":"4","title":"Article 4 — Rules of procedure for interim decisions on supervisory measures"},"act_anchor":"#art-3"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2024/1504/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules.md","unit_text_sha256":"f34059f6596ff25706280d8066102f23efb64f64abea353266406531f540b7ef","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"mica/level-2/delegated-acts/delegated-regulation-eba-fines-procedural-rules/art-3","kind":"article","key":"3","heading":"Article 3 — Procedural rules in infringement proceedings before the EBA with regard to periodic penalty payments","text":"### <a id=\"art-3\"></a>Article 3 — Procedural rules in infringement proceedings before the EBA with regard to periodic penalty payments\n\n1.  <a id=\"art-3-p-1\"></a>Before adopting a decision imposing a periodic penalty payment pursuant to [Article 132](../../articles/132.md) of Regulation (EU) 2023/1114, the EBA shall submit a statement of findings to the person subject to investigation setting out the reasons justifying the imposition of a periodic penalty payment and the amount of the periodic penalty payment per day of non-compliance.\n\n    The statement of findings shall set a time limit of at least four weeks within which the person subject to investigation may make written submissions. The EBA shall not be obliged to take into account written submissions received after the expiry of that time limit for deciding on the periodic penalty payment.\n2. <a id=\"art-3-p-2\"></a>The EBA may invite the person subject to the proceedings to attend an oral hearing. The person subject to the proceedings may be assisted by a counsel of their choice. Oral hearings shall not be public.\n3. <a id=\"art-3-p-3\"></a>A decision by the EBA to impose a periodic penalty payment shall indicate the legal basis and the reasons for the decision, the amount and the starting date of the periodic penalty payment.\n4. <a id=\"art-3-p-4\"></a>Once the person subject to the relevant decision referred to in [Article 132(1)](../../articles/132.md) of Regulation (EU) 2023/1114, has complied with that decision, a periodic penalty payment shall no longer be imposed.\n\n","marks":[],"text_hash":"f34059f6596ff25706280d8066102f23efb64f64abea353266406531f540b7ef","revision":1}}