Moreover, for deterrence purposes and to compel trade repositories, CCPs and their members to comply with this Regulation, the Commission should also be able to impose fines, following a request of ESMA, where intentionally or negligently, specific provisions of this Regulation have been breached. The fine should be dissuasive and proportionate to the nature and seriousness of the breach, the duration of the breach and the economic ...[+++] capacity of the trade repository, CCP or member concerned.

The car-based society as we know it today has thus been given a suspended sentence.

Mr Leichtfried and Mr Evans, your Amendment 17 aims to allow the Agency to impose fines, but this amendment does not seem acceptable to us as it stands.

As far as the amount of fine is concerned there is of course the possibility to lodge an official complaint to the Austrian authorities who have levied the fine and to go to court if the levied fine is considered as not proportionate.

Although consolidated data on the number of decisions adopted and penalties imposed by national enforcement authorities are not available, the following representative examples can be provided: between the entry into force of the Directive and mid 2011, the Italian Competition Authority issued more than 700 decisions and applied administrative fines totalling € 91 million; the French General Directorate for Competition, Consumer Issues and Fraud Control (DGCCRF) issued 1251 Reports[124] and corresponding fines amounting to approximately € 1.7 million were imposed; [125] the Latvian Consumer Rights Protection Centre took 154 binding deci ...[+++]sions and imposed fines of € 159 400; the Finnish Consumer Ombudsman initiated 8 court cases; the Irish National Consumer Agency issued 14 undertakings, 116 compliance notices, 2 prohibition orders, and started 2 prosecutions; the Slovak Trade Inspection issued 46 administrative decisions and imposed a total amount of € 151 800 in fines; and, finally, 18 court rulings and 52 injunction orders were issued in Sweden.

117. Notes the Commission's reluctance to fully utilise its power to fine Member States for an infringement under Article 228 of the EC Treaty; considers fines for infringements an acceptable tool in the infringement procedure; suggests that the Commission propose a system of fines which incorporates both a lump sum for infringing EU law and a daily fine to encourage compliance;