Regulatory Alerts2021-01-26
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Commission Delegated Regulation (EU) 2021/732 amending Delegated Regulation (EU) No 667/2014
The European Commission amends Delegated Regulation (EU) No 667/2014 to align ESMA's penalty procedures for trade repositories with Regulation (EU) No 648/2012. The amendment requires investigation officers to include written submissions and statements of findings in the file submitted to ESMA, and establishes a specific right to be heard procedure for interim decisions. Additionally, it mandates that fines and periodic penalty payments be lodged in separate interest-bearing accounts until they become final.
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