On 17 July 2019, The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, published its first report concerning administrative 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 administrative sanctions and measures imposed annually. As MiFID II only entered into force on 3 January 2018, and later in some jurisdictions, data on administrative sanctions and measures taken in 2018 is limited.

ESMA will continue to publish an annual report with the information on sanctions and measures imposed including criminal sanctions.

ESMA news release can be found here.

The report can be found here.