Press Release: Strengthening sanctions for violations of EU financial services rules: the way forward

The European Commission has adopted a communication setting out possible ways to reinforce sanctioning regimes in the EU's financial services sector. The rules vary greatly between Member States and, arguably, often do not serve as an effective deterrent. Based on a review of national sanctioning regimes for violations of national rules transposing some of the most important EU directives relating to financial services, the Communication presents areas for improvement and suggests possible EU actions in order to achieve greater convergence and efficiency of these regimes. Interested stakeholders can send their contributions up until 19 February 2011.

European Commission: Memo/10/660: Communication on reinforcing sanctioning regimes in the financial services sector: FAQs http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/660&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Memo/10/660: Markets in Financial Instruments Directive (MiFID): FAQs http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/659&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: IP/10/1677: Financial services: Improving European rules for a more robust framework for all financial actors and instruments http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/1677&format=HTML&aged=0&language=EN&guiLanguage=en

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