+CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES
---+Article 22 Administrative sanctions and other administrative measures
------+Article 22 1.
------+Article 22 2.
------+Article 22 3.
------+Article 22 4.
------+Article 22 5.
------+Article 22 6.
------+Article 22 7.
---+Article 23 Determination of administrative sanctions and other administrative measures
---+Article 24 Reporting of infringements
------+Article 24 1.
------+Article 24 2.
------+Article 24 3.
---+Article 25 Exchange of information with ESMA
------+Article 25 1.
------+Article 25 2.
------+Article 25 3.
------+Article 25 4.
---+Article 26 Publication of decisions
------+Article 26 1.
------+Article 26 2.
------+Article 26 3.
------+Article 26 4.
------+Article 26 5.
------+Article 26 6.
---+Article 27 Right of appeal
---+Article 28 Sanctions and other measures for the purpose of Articles 13 and 14

CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES

CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES

1. Ħarsa ġenerali

,
Article 22 Administrative sanctions and other administrative measures
Article 23 Determination of administrative sanctions and other administrative measures

Article 23

Determination of administrative sanctions and other administrative measures

Member States shall ensure that, when determining the type and level of administrative sanctions and other administrative measures, competent authorities shall take into account all relevant circumstances, including, where appropriate:

(a) 

the gravity and duration of the infringement;

(b) 

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

(c) 

the financial strength of the person responsible for the infringement, by considering factors such as the total turnover in the case of a legal person or the annual income in the case of a natural person;

(d) 

the importance of the profits gained or losses avoided by the person responsible for the infringement, insofar as they can be determined;

(e) 

the level of cooperation of the person responsible for the infringement with the competent authority, without prejudice to the need to ensure disgorgement of profits gained or losses avoided by that person;

(f) 

previous infringements by the person responsible for the infringement.

Competent authorities may take into account additional factors to those referred to in the first paragraph when determining the type and level of administrative sanctions and other administrative measures.
Article 24 Reporting of infringements
Article 25 Exchange of information with ESMA
Article 26 Publication of decisions
Article 27 Right of appeal

Article 27

Right of appeal

Member States shall ensure that decisions and measures taken pursuant to this Regulation are properly reasoned and subject to a right of appeal before a tribunal. The right of appeal before a tribunal shall also apply where, in respect of an application for authorisation which provides all of the information required, no decision is taken within six months of its submission.
Article 28 Sanctions and other measures for the purpose of Articles 13 and 14

Article 28

Sanctions and other measures for the purpose of Articles 13 and 14

Sanctions and other measures established in accordance with Directives 2009/65/EC and 2011/61/EU shall be applicable to infringements of Articles 13 and 14 of this Regulation.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards