CESR publishes a Feedback statement on CESR consultation on enforcement practices

14 September 2010

The statement concerns the Guidance on the enforcement practices and activities to be conducted under Article 21.3(a) of the Regulation.

One respondent raised some doubts about the possibility for competent authorities to conduct onsite inspections or investigations themselves or through third parties (like audit companies). According to the respondent this language does not appear to be supported by any provision within the EU Regulation, which established in Article 23 that competent authorities must exercise their powers in conformity with national law.

Full statement

 

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