OB-ENF-005PSR 97Authorities and sanctions

Maximum fine of at least 10% of turnover

What the text fixes

For a breach of the open banking chapter or of Articles 85 to 87 on SCA, national law provides for a fine whose maximum is at least 10% of annual turnover for a legal person and at least EUR 3 million for a natural person.

Article: PSR 97Provisional numbering of the April 2026 compromise (Council doc. 8221/26). The final numbering will be added when the Official Journal publishes the text, without changing the id.
Who is bound: National authority
Who it is for: Compliance
Application: 21 months after entry into force, the general application date (Article 112).
Level 2: No EBA mandate covers this obligation.
Origin: PSD2, Art. 103

STET 1.6.3

Out of spec

Sanctions are a matter for national law and the authority.

Sources

Checked on October 4, 2026

The entry as JSON

{
  "id": "OB-ENF-005",
  "article": "PSR 97",
  "alsoIn": [],
  "articleFinal": null,
  "actors": [
    "nca"
  ],
  "roles": [
    "compliance"
  ],
  "appliesAt": "T+21",
  "title": {
    "fr": "Amende maximale d'au moins 10 % du chiffre d'affaires",
    "en": "Maximum fine of at least 10% of turnover",
    "es": "Multa máxima de al menos el 10 % del volumen de negocios",
    "pt-br": "Multa máxima de pelo menos 10% do faturamento"
  },
  "level1": {
    "fr": "Pour un manquement au chapitre open banking ou aux articles 85 à 87 sur la SCA, le droit national prévoit une amende dont le maximum est d'au moins 10 % du chiffre d'affaires annuel pour une personne morale et d'au moins 3 millions d'euros pour une personne physique.",
    "en": "For a breach of the open banking chapter or of Articles 85 to 87 on SCA, national law provides for a fine whose maximum is at least 10% of annual turnover for a legal person and at least EUR 3 million for a natural person.",
    "es": "Por un incumplimiento del capítulo de open banking o de los artículos 85 a 87 sobre la SCA, el derecho nacional prevé una multa cuyo máximo es de al menos el 10 % del volumen de negocios anual para una persona jurídica y de al menos 3 millones de euros para una persona física.",
    "pt-br": "Por uma infração ao capítulo de open banking ou aos artigos 85 a 87 sobre a SCA, o direito nacional prevê uma multa cujo máximo é de pelo menos 10% do faturamento anual para uma pessoa jurídica e de pelo menos 3 milhões de euros para uma pessoa física."
  },
  "level2": null,
  "origin": [
    {
      "act": "psd2",
      "articles": "103"
    }
  ],
  "stet": {
    "1.6.3": {
      "status": "out-of-scope",
      "note": {
        "fr": "Les sanctions relèvent du droit national et de l'autorité.",
        "en": "Sanctions are a matter for national law and the authority.",
        "es": "Las sanciones corresponden al derecho nacional y a la autoridad.",
        "pt-br": "As sanções cabem ao direito nacional e à autoridade."
      },
      "pages": []
    }
  },
  "verification": null,
  "sources": [
    {
      "document": "8221/26",
      "page": 393
    },
    {
      "document": "8221/26",
      "page": 394
    }
  ],
  "verifiedAt": "2026-10-04"
}

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