Article 34 sets floors for national maxima, not EU-wide caps. Member states must provide for a maximum of at least €10 million or 2 % of total worldwide annual turnover for essential entities, and at least €7 million or 1.4 % for important entities, whichever is higher in each case. Turnover is measured at group level for the preceding financial year. Fines are triggered by breaches of Article 21 or Article 23. Because these are minima, national law can go further and can structure the amounts differently: Germany's § 65 BSIG sets fixed amounts, applies the percentage caps only above €500 million group turnover, and caps a breach of the registration duty at €500,000.