Increased sanctions for consumer protection breaches – draft of the National Authority for

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Banking alert

Increased sanctions for consumer protection breaches – draft of the National Authority for Consumer Protection. Impact on the financial services industry

Sanctions with fines calculated as percentages of turnover are provided by the draft of an emergency ordinance, recently published by the National Authority for Consumer Protection. Some of the proposed changes also have an impact in the financial services sector.

Read the Romanian version of the alert.

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