+CHAPTER I Penalties, fines, periodic penalty payments, committee procedure, delegated powers and reporting
---+Article 36 Penalties
---+Article 36a Fines
------+Article 36a 1.
------+Article 36a 2.
------+Article 36a 3.
------+Article 36a 4.
---+Article 36b Periodic penalty payments
------+Article 36b 1.
------+Article 36b 2.
------+Article 36b 3.
------+Article 36b 4.
---+Article 36c Hearing of the persons subject to the proceedings
------+Article 36c 1.
------+Article 36c 2.
---+Article 36d Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
------+Article 36d 1.
------+Article 36d 2.
------+Article 36d 3.
------+Article 36d 4.
---+Article 36e Review by the Court of Justice of the European Union
---+Article 37 Amendments to Annexes
---+Article 38 Committee procedure
------+Article 38 1.
------+Article 38 3.
---+Article 38a Exercise of the delegation
------+Article 38a 1.
------+Article 38a 2.
------+Article 38a 3.
---+Article 38b Revocation of the delegation
------+Article 38b 1.
------+Article 38b 2.
------+Article 38b 3.
---+Article 38c Objections to delegated acts
------+Article 38c 1.
------+Article 38c 2.
------+Article 38c 3.
---+Article 39 Reports
------+Article 39 4.
------+Article 39 5.
------+Article 39 6.
---+Article 39a ESMA’s staffing and resources
---+Article 39b Reporting obligations
------+Article 39b 1.
------+Article 39b 2.
------+Article 39b 3.

CHAPTER I Penalties, fines, periodic penalty payments, committee procedure, delegated powers and reporting

CHAPTER I Penalties, fines, periodic penalty payments, committee procedure, delegated powers and reporting

1. Panoramica

,
Titolo Regolamentazione
Article 36 Penalties

Article 36

Penalties

▼M1

Member States shall lay down the rules on penalties applicable to infringements of Article 4(1) and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.

Member States shall ensure that the sectoral competent authority disclose to the public every penalty that has been imposed for infringements of Article 4(1), unless such disclosure would seriously jeopardise the financial markets or cause disproportionate damage to the parties involved.

▼B

By 7 December 2010 the Member States shall notify the rules referred to in the first subparagraph to the Commission. They shall notify the Commission without delay of any subsequent amendment thereto.

Article 36a Fines
Article 36b Periodic penalty payments
Article 36c Hearing of the persons subject to the proceedings
Article 36d Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
Article 36e Review by the Court of Justice of the European Union

Article 36e

Review by the Court of Justice of the European Union

The Court of Justice of the European Union shall have unlimited jurisdiction to review decisions whereby ESMA has imposed a fine or a periodic penalty payment. It may annul, reduce or increase the fine or periodic penalty payment imposed.

Article 37 Amendments to Annexes

Article 37

Amendments to Annexes

In order to take account of developments, including international developments, on financial markets, in particular in relation to new financial instruments, the Commission may adopt, by means of delegated acts in accordance with Article 38a and subject to the conditions of Articles 38b and 38c, measures to amend the Annexes, excluding Annex III.

Article 38 Committee procedure
Article 38a Exercise of the delegation
Article 38b Revocation of the delegation
Article 38c Objections to delegated acts
Article 39 Reports
Article 39a ESMA’s staffing and resources

Article 39a

ESMA’s staffing and resources

By 21 June 2014, ESMA shall assess its staffing and resources needs arising from the assumption of its powers and duties under this Regulation and shall submit a report to the European Parliament, the Council and the Commission.

Article 39b Reporting obligations

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti
Fonte Requisito

3. Standard correlati

Standard
Fonte Requisito