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Fines and punishments rise under MAR

Chris Hamblin Editor London 19 January 2021

Fines and punishments rise under MAR

The European Union’s Securities and Markets Authority's recent annual report shows that national regulators and other authorities imposed a total of €88 million in fines in relation to 339 offences against the EU's Market Abuse Regulation in the last year or so.

The regulators reported 279 administrative sanctions and measures and 60 criminal sanctions for infringements of MAR in 2019. In total, approximately €82 million in financial penalties were levied for administrative sanctions, while €6 million was imposed in relation to criminal infringements of MAR.

Despite a decrease in the number of administrative sanctions under MAR, falling from 472 in 2018, the total of financial penalties is higher, rising from €10 million in 2018 to €88 million today. Criminal sanctions have increased four-fold, from 15 in 2018 to  60 today, with financial penalties rising from €65,650 in 2018 to €6 million today.

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