Power to make orders under Regulation (EU) No 1286/2014

Where an institution that advises on or sells a PRIIP within the meaning of Article 4, point 3, of Regulation (EU) No 1286/2014, or that is a PRIIP manufacturer within the meaning of Article 4, point 4, of Regulation (EU) No 1286/2014, breaches the requirements of Article 5(1), Articles 6, 7, 8(1) to (3), Articles 9, 10(1), Article 13(1), (3), or (4), Article 14 or 19 of that Regulation, or the regulatory technical standards issued on the basis of Articles 8, 10, and 13 of that Regulation, the Federal Institute may make orders against the institution that are suitable and necessary to ensure that the requirements are complied with and to prevent retail investors from being informed in a manner not consistent with the principles of the Regulation. The Federal Institute may, in particular, 1. prohibit the marketing, distribution, or sale of the PRIIP, temporarily or permanently, 2. prohibit the provision of a key information document that does not satisfy the requirements of Articles 6 to 8 or 10 of Regulation (EU) No 1286/2014, 3. require the PRIIP manufacturer to publish a new version of the key information document, where the published version does not satisfy the requirements of Articles 6 to 8 or 10 of Regulation (EU) No 1286/2014, and 4. publish a warning on its website, naming the responsible institution and the type of breach; section 60c(3) and (5) applies correspondingly.