Article 48b 3.

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

state the purpose of that request;

specify what information is required;

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

indicate the periodic penalty payments provided for in Article 48g where the required information is incomplete;

indicate the fine provided for in Article 48f, where the answers to the 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 Article 48k of this Regulation and Articles 60 and 61 of Regulation (EU) No 1095/2010.