Commission Publishes Rules for Fining TRs
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On 13 March 214, the EU Commission published a delegated regulation addressing the powers of the European Securities and Markets Authority (ESMA) to impose fines and penalties on trade repositories (TRs) under Article 64(7) of EMIR.
This regulation is purely procedural in nature and follows the technical advice submitted to the Commission by ESMA and published on 24 January 2014 (See this blog post for more detail). It will come into force three days after publication in the Official Journal of the EU.Contact Us