Article 38b 3.

refer to this Article as the legal basis of that request;

state the purpose of the request;

specify the information required;

set a time limit within which the information is to be provided;

indicate the periodic penalty payments provided for in Article 38i where the production of the required information is incomplete;

indicate the fine provided for in Article 38h, where the answers to questions asked are incorrect or misleading;

indicate the right to appeal the decision before ESMA’s Board of Appeal and to have the decision reviewed by the Court of Justice of the European Union (Court of Justice) in accordance with Articles 60 and 61 of Regulation (EU) No 1095/2010.