The public undertakings defined in II of Article 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. 3133-10, 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.