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Document 11951K047

Treaty establishing the European Coal and Steel Community - Title III - Economic and social provisions - Chapter 1 - General Provisions - Article 47

Legal status of the document No longer in force, Date of end of validity: 23/07/2002

ELI: http://data.europa.eu/eli/treaty/ceca/art_47/sign

11951K047

Treaty establishing the European Coal and Steel Community - Title III - Economic and social provisions - Chapter 1 - General Provisions - Article 47


Treaty establishing the European Coal and Steel Community - Title III - Economic and social provisions - Chapter 1 - General Provisions - Article 47

The Commission may obtain the information it requires to carry out its tasks. It may have any necessary checks made.

The Commission must not disclose information of the kind covered by the obligation of professional secrecy, in particular information about undertakings, their business relations or their cost components. Subject to this reservation, it shall publish such data as could be useful to governments or to any other parties concerned.

The Commission may impose fines or periodic penalty payments on undertakings which evade their obligations under decisions taken in pursuance of this Article or which knowingly furnish false information. The maximum amount of such fines shall be 1% of the annual turnover, and the maximum amount of such penalty payments shall be 5% of the average daily turnover for each day's delay.

Any breach of professional secrecy by the Commission which has caused damage to an undertaking may be the subject of an action for compensation before the Court, as provided in Article 40.

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