1.Corrective measures shall be imposed on SIPS operators in accordance with Article 22 of Regulation (EU) No 795/2014 (ECB/2014/28) and the procedure laid down in this Decision.
2.Competent authorities may initiate the procedure to impose a corrective measure in the following scenarios:
(a)in case of non-compliance that has been confirmed by an assessment;
(b)in case of ongoing non-compliance, where no corrective measure has been previously imposed on the SIPS operator;
(c)where a draft assessment gives grounds to the competent authority to suspect non-compliance that is serious and requires immediate action.
3.The formulation of corrective measures shall be sufficiently specific to allow a SIPS operator to undertake action without undue delay to remedy or avoid a repetition of its non-compliance.