+Article 25

Article 25

Article 25

The competent authorities shall apply the administrative sanctions and measures referred to in Article 24(2) taking into account all relevant circumstances including, where appropriate:

(a) 

the gravity and the duration of the infringement;

(b) 

the degree of responsibility of the person responsible for the infringement;

(c) 

the impact of the infringement on retail investors' interests;

(d) 

the cooperative behaviour of the person responsible for the infringement;

(e) 

any previous infringements by the person responsible for the infringement;

(f) 

measures taken after the infringement by the person responsible for the infringement to prevent its repetition.

1. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes