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Simplification · PEN-00Requirement to base pecuniary penalties on a company's net worldwide turnover, and the former minimum turnover-based cap floor, is removed
What changes
Member States (and, downstream, companies facing penalties) are relieved of the turnover-based penalty-calibration requirement and the associated minimum-cap floor.
Prior rule vs new rule
Prior rule
Obligation
Article 27(4) of that Directive requires Member States to base any imposed pecuniary penalties on the net worldwide turnover of the company concerned.
New rule
Obligation
Requirement to base pecuniary penalties on a company's net worldwide turnover, and the former minimum turnover-based cap floor, is removed
Who is affected
Addressee
Member States
Class
Governments
Sectors
No sector named — applies by size or activity
Applies
Once transposed by Member States (transposition due within 12 months of this Directive's entry into force)
Burden drivers
No burden drivers recorded on this provision.
Binds Member States, not a company by size.
Source text
Verbatim
the need to base pecuniary penalties on the net worldwide turnover of the company concerned is superfluous.
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