ESMA REPORTS ON NCAS’ USE OF SANCTIONS UNDER MiFID II
ESMA REPORTS ON NCAS’ USE OF SANCTIONS UNDER MiFID II
Wednesday 17 July 2019 11:11
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published today its first report concerning sanctions and measures imposed under MiFID II by National Competent Authorities (NCAs).
NCAs are required under MiFID II to provide ESMA with aggregated information on all sanctions and measures imposed annually. As MiFID II only entered into force on 3 January 2018, and later in some jurisdictions, data on sanctions and measures taken in 2018 is limited. For this reason, ESMA...