Sanctions 

Penalties for very serious infractions:

  • For the commission of very serious infractions, the following sanctions may be imposed:
  1. Public warning.
  2. Fine whose minimum amount will be 150,000 euros and whose maximum amount may amount to the highest of the following figures: 5 percent of the net assets of the obliged subject, double the economic content of the operation, or 1,500,000 euros.
  3. In the case of entities subject to administrative authorization to operate, the revocation of this.

The sanction provided in letter b), which must be mandatory in any case, will be imposed simultaneously with any of those provided in letters a) or c).

  • In addition to the sanction that must be imposed on the liable party for the commission of very serious infractions, one or more of the following sanctions may be imposed on those who, in the same administration or management position, were responsible for the infraction:
  1. Fine to each of them for the amount of between 60,000 and 600,000 euros.
  2. Separation of the position, with disqualification to exercise administrative or management positions in the same entity for a maximum term of ten years.
  3. Separation of the position, with disqualification from holding positions of administration or direction in any entity subject to this Law for a maximum term of ten years.

The sanction provided in letter a), which must be mandatory in any case, may be applied simultaneously with any of those provided in letters b) and c).

Sanctions for serious infractions:

  • For the commission of serious infractions the following sanctions may be imposed:
  1. Private warning.
  2. Public warning.
  3. Fine whose minimum amount will be 60,001 euros and whose maximum amount may amount to the highest of the following figures: 1 percent of the net assets of the liable party, the economic content of the operation, plus 50 percent, or 150,000 euros.

The sanction provided in letter c), which must be mandatory in any case, will be imposed simultaneously with any of those provided in letters a) or b).

  • In addition to the sanction that must be imposed on the liable party for the commission of serious infractions, one or more of the following sanctions may be imposed on those who, in the same administration or management position, were responsible for the infraction:
  1. Private warning.
  2. Public warning.
  3. Fine to each of them for a minimum amount of 3,000 euros and a maximum of up to 60,000 euros.
  4. Temporary suspension in the position for a term not exceeding one year.

The sanction provided in letter c), which must be mandatory in any case, will be imposed simultaneously with any of those provided in letters a), b) or d).

  • In the case of non-compliance with the obligation of declaration established in article 34, the penalty of a fine shall be imposed, the minimum amount of which shall be 600 euros and the maximum amount of which may be up to double the value of the means of payment used.

Penalties for minor infractions:

For the commission of minor infractions, one or both of the following sanctions may be imposed:

  1. Private warning.
  2. Fine for up to 60,000 euros.