The public undertakings defined in II ofArticle 1 of Order no. 2004-503 of 7 June 2004 transposing Directive 80/723/EEC on the transparency of financial relations between Member States and the contracting entities mentioned in 2° and 3° of Article L. 1212-1 are liable to an administrative fine of up to two million euros for exceeding the maximum payment period set by the regulations referred to in article L. 2192-10, investigated and recorded under the conditions set out in articles L. 450-1 to L. 450-4, L. 450-7 and L. 450-8 of the French Commercial Code.
The fine is imposed under the conditions set out in article L. 470-2 of the same code.
The amount of the fine is doubled if the infringement is repeated within two years of the date on which the first penalty decision became final.
Article L2192-15
Updated 8 Nov 2023

