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AI Summary of Article 38m Review by the Court of Justice

The Court of Justice has unlimited jurisdiction to review decisions whereby ESMA has imposed a fine or a periodic penalty payment.

In exercising that jurisdiction, the Court may annul, reduce or increase the fine or periodic penalty payment imposed.

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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2022 - onwards

Article 38m Review by the Court of Justice

DRAFT To be deleted Article 3 Amendments to Regulation (EU) No 600/2014 of the Proposal for a Regulation of the European parliament and of the Council amending Regulations (EU) No 1095/2010, No 648/2012, No 600/2014, No 909/2014, 2015/2365, 2019/1156, 2021/23, 2022/858, 2023/1114, No 1060/2009, 2016/1011, 2017/2402, 2023/2631 and 2024/3005 as regards the further development of capital market integration and supervision within the Union (COM(2025) 943 final / 2025/0383 (COD))
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The Court of Justice shall have unlimited jurisdiction to review decisions whereby ESMA has imposed a fine or a periodic penalty payment. It may annul, reduce or increase the fine or periodic penalty payment imposed.

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