Measures against PRIIP manufacturers and PRIIP sellers

The supervisory authority may take, against any insurance undertaking 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, all measures that are suitable and necessary for monitoring compliance with the requirements of Regulation (EU) No 1286/2014, and of the delegated acts of the European Commission and regulatory technical standards issued on the basis of this Regulation. In particular, it may
1. in the event of a breach of Article 5(1), Articles 6, 7, and 8(1) to (3), Articles 9, 10(1), Article 13(1), (3), and (4), Articles 14 and 19 of Regulation (EU) No 1286/2014, 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, and
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. in the event of a breach of one of the provisions named in point 1, publish a warning on its website naming the responsible insurance undertaking and the nature of the breach.