PARIS - The Committee of European Securities Regulators (Cesr) has issued a review of supervisory powers and practices, just over a year after the implementation of the Markets in Financial Instruments Directive (Mifid).
The review maps administrative and criminal sanction structures in place for the long-awaited directive, finally rolled out across the European Union in November 2007.
The report is a factual overview of the implementation of Mifid. Although it covers powers, practices and sanctioning regimes, it does not specify examples of the use of sanctions and enforcement in practice.
The review, 'CESR report on the mapping of supervisory powers, supervisory practices, administrative and criminal sanctioning regimes of member states in relation to the Markets in Financial Instruments Directive,' is available to download here.
The week on Risk.net, November 25-December 1, 2016Receive this by email