Article 38j MiFIRDisclosure, nature, enforcement and allocation of fines and periodic penalty payments

AI-generated What this provision does

ESMA must publish every fine and periodic penalty payment it imposes on data reporting services providers unless this would seriously jeopardise markets or cause disproportionate damage; penalties are administrative, enforceable under national civil procedure and paid into the EU budget, and ESMA must explain any decision not to impose them.