Two drafts of the implementing legislation and draft regulations have been published.
Radio, Television and Digital Services Authority.
The maximum penalty that may be imposed for a failure to comply with an obligation laid down in the EU Regulation and the law, shall be 6 % of the annual worldwide turnover of the provider of intermediary services concerned in the preceding financial year.
The maximum penalty that may be imposed for the supply of incorrect, incomplete or misleading information, failure to reply or rectify incorrect, incomplete or misleading information and failure to submit to an inspection shall be 1 % of the annual income or worldwide turnover of the provider of intermediary services or person concerned in the preceding financial year.
Failure to comply with an obligation laid down in the EU Regulation is also criminal offence and in case of a conviction from a Court the maximum of the penalty is €10,000.
The maximum amount of a periodic penalty payment shall be 5 % of the average daily worldwide turnover or income of the provider of intermediary services concerned in the preceding financial year per day, calculated from the date specified in the decision concerned.
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