Decision imposing fines

Decision imposing fines or penalties

It will depend on the individual situation whether it is more appropriate to adopt a decision imposing fines pursuant to Article 23(1)(b) or a decision imposing periodic penalty payments pursuant to Article 24(1)(d). Fines according to Article 23 can also be combined with period penalty payments according to Article 24. In setting the level of the fines one ought to take into account the periodic penalty payments already imposed and vice versa.

More about Decision imposing fines

Fines may be imposed according to Article 23 by decision on undertakings and associations of undertakings where, intentionally or negligently: – they supply incorrect or misleading information in response to a simple request made pursuant to Article 17 or Article 18(2) (Article 23 (1)(a)); or – in response to a request made by decision adopted pursuant to Article 17 or Article18(3), they supply incorrect, incomplete or misleading information or do not supply information within the required time-limit (Article 23(1)(b)).

More about the Subject

Periodic penalty payments (Article 24(1)(d)) may be imposed by decision on undertakings and associations of undertakings in order to compel them to supply complete and correct information which has been requested by decision pursuant to Article 17 or Article 18(3).

Resources

See Also

References

• Information about Decision imposing fines in the Antitrust Manual of Procedures for the application of Articles 101 and 102 TFEU (Internal DG Competition)

Further Reading

• Information about Decision imposing fines in EU Competition Procedure, 3rd. Edition, Edited by Luis Ortiz Blanco (Oxford University Press)