ESMA Consults On Technical Advice To The Commission On Procedural Rules To Impose Fines On Trade Repositories

The European Securities and Markets Authority (ESMA) has launched a consultation on the Technical Advice it must provide to the European Commission on the procedural rules for imposing fines and periodic penalty payments on Trade Repositories.

The rules will be defined by the Commission via Delegated Act.

The consultation is open until 15 November and ESMA aims to deliver its advice by 31 December 2013.

Consultation Paper 2013/1292.