+CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES
---+Article 38 Administrative sanctions and other administrative measures
------+Article 38 1.
------+Article 38 2.
------+Article 38 3.
---+Article 39 Exercise of supervisory powers and powers to impose sanctions
------+Article 39 1.
------+Article 39 2.
---+Article 40 Right of appeal
---+Article 41 Reporting of infringements
------+Article 41 1.
------+Article 41 2.
------+Article 41 3.
------+Article 41 4.
---+Article 42 Publication of decisions
------+Article 42 1.
------+Article 42 2.
------+Article 42 3.
------+Article 42 4.
---+Article 43 Reporting sanctions to ESMA
------+Article 43 1.
------+Article 43 2.
------+Article 43 3.

CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES

CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES

1. Overview

,
Summary Regulation
Article 38 Administrative sanctions and other administrative measures
Article 39 Exercise of supervisory powers and powers to impose sanctions
Article 40 Right of appeal

Article 40

Right of appeal

Member States shall ensure that decisions taken under this Regulation are properly reasoned and subject to a right of appeal before a tribunal.

▼M5

For the purposes of Article 20, a right of appeal shall also apply where the competent authority has neither taken a decision to approve or to refuse an application for approval nor has made any request for changes or supplementary information within the time limits set out in Article 20(2), (3), (6) and (6a) in respect of that application.

▼B

Article 41 Reporting of infringements
Article 42 Publication of decisions
Article 43 Reporting sanctions to ESMA

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
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