Article 54

Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 1 > Section II > Article 54
Article 54
Use of confidential information
Main content: 

Competent  authorities  receiving  confidential  information   under Article 53 shall use it only in the course of their duties and only for any of the following purposes:

(a)    to check that the conditions governing access to the  activity  of credit institutions are met and to facilitate monitoring, on a non- consolidated or consolidated basis, of the conduct of such activity, especially with regard to the monitoring of liquidity, solvency, large exposures, and administrative and accounting procedures  and internal control mechanisms;

(b)    to impose penalties;

(c)    in an appeal against a decision of the competent authority including court proceedings pursuant to Article 72;

(d)    in court proceedings initiated pursuant to special  provisions provided for in Union law adopted in the field of credit institutions.