TITLE VIIPRUDENTIAL SUPERVISION

CHAPTER 1 Principles of prudential supervision

Section IV Supervisory powers, powers to impose penalties and right of appeal

Article 72Right of appeal

Member States shall ensure that decisions and measures taken pursuant to laws, regulations and administrative provisions adopted in accordance with this Directive or to Regulation (EU) No 575/2013 are subject to a right of appeal. Member States shall also ensure that failure to take a decision within six months of submission of an application for authorisation which contains all the information required under the national provisions transposing this Directive, is subject to a right of appeal.