Fines and punishments rise under MAR

Chris Hamblin

19 January 2021

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.