EBU Single Rulebook Q&A 30 September 2013 2013_301 Definition of a "material penalty" and "individually justified circumstances"

What is the definition of a "material penalty" and "individually justified circumstances"? Who will be the final arbiter in determining the “materiality” of the penalty for early withdrawal within 30 days? N/A European Banking Federation Industry association If a term is not defined in Regulation (EU) No 575/2013, the Q&A process cannot be used to provide a formal, legal definition.