FUND MANAGEMENT

20 Jul: ESMA PUBLISHES FOURTH ANNUAL REPORT ON USE OF SANCTIONS FOR UCITS

(Source: European Securities and Markets Authority (ESMA))

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes its 2020 report on the use of supervisory sanctions by National Competent Authorities (NCAs) under the Undertakings for Collective Investments in Transferrable Securities (UCITS) Directive. 

The number of NCAs issuing sanctions (penalties and/or measures) increased slightly to 17 compared to 2019. A total of 100 sanctions were issued during 2020, for a total amount of €1.1M showing a declining trend in the financial amount of sanctions issued since 2018.

The data gathered under the sanction reports continues to show that the …