ESMA publishes second report on sanctions under AIFMD

20 July 2021

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-publishes-second-report-sanctions-under-aifmdhttps://www.esma.europa.eu/press-news/esma-news/esma-publishes-second-report-sanctions-under-aifmd
Retrieved on: 
Tuesday, July 20, 2021
Information
Tags: 
European Union, Feminine given names, Given names, Corporate law, Directive 2011/61/EU, Investment management, European Securities and Markets Authority, Finance, Esma
Summary
Key Points: 
  • 20 July 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes itssecond annual reporton the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD).

  • In 2020 17 NCAs imposed a total of 131 penalties and/or measures, compared with 87 sanctions issued in 2019, and the total amount of financial penalties decreased to 3.3M, from 9M in 2019.
  • A small number of NCAs are responsible for a majority of sanctions, and in general the numbers on a national level appear low.
  • NCAs submit data on the use of sanctions to ESMA, which forms the basis of the annual aggregated report.
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