Regulatory Alerts2015-09-18
Final report on Draft Implementing Technical Standards on penalties and measures under the UCITS Directive
The European Securities and Markets Authority issued this final report to submit draft Implementing Technical Standards to the European Commission regarding penalty reporting under the UCITS Directive. The standards establish standardized procedures and forms for National Competent Authorities to provide ESMA with annual aggregated data on penalties and to report specific administrative penalties disclosed to the public. These requirements aim to ensure harmonized information submission, designate single contact points per Member State, and prevent double entries in ESMA's database.
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