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ARTICLE · 19 OCTOBER 2023

Global Registration Services Market Update Q3 2023

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On 18 July 2023, the European Securities and Markets Authority ("ESMA") published its 2022 reports on the use by National Competent Authorities ("NCAs")...

GlobalFinance and Banking
Emma Conaty
Emma Conaty
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Europe

ESMA publishes 2022 UCITS and AIFMD Sanction Reports

On 18 July 2023, the European Securities and Markets Authority ("ESMA") published its 2022 reports on the use by National Competent Authorities ("NCAs") of sanctions under the Undertakings for Collective Investments in Transferable Securities ("UCITS") Directive and the Alternative Investment Fund Managers Directive ("AIFMD").

The level of sanctions issued at national level remains stable and generally low, in particular with penalties; notwithstanding, a small number of NCAs are issuing an increasing number of sanctions.

The report contains information on the penalties and measures imposed by NCAs from 1 January 2022 to 31 December 2022.Some highlights from the data include:

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