E.U. – ESMA Report on UCITS Penalties

E.U. – ESMA Report on UCITS Penalties

On 12 December 2019, EU ESMA issued second annual report on the sanctions imposed by NCAs under the UCITS directive (both on penalties and measures), for the year 2018.

  • Number of NCAs issuing sanctions remains stable at 15, compared to 2016-17 year.
  • Total number of sanctions issued has decreased based on a year on year comparison.