ESMA issued its second annual report on sanctions (penalties and measures) imposed by NCAs under the Undertakings for Collective Investments in Transferable Securities (UCITS) Directive. This report covers the year 2018.
While the number of NCAs issuing sanctions remains stable at 15, compared to the previous report for the period 2016-2017, the total number of sanctions issued has decreased based on a year on year comparison.
Under the UCITS Directive, NCAs can impose sanctions for infringements of its provisions, such as on management companies and depositaries as well as information provided to investors. NCAs submit data on the use of sanctions to ESMA, which forms the basis of the annual aggregated report.
Full report
© ESMA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article