Updated 30/08/2025
In force since 14/08/2025

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25/07/2025
Delegated Regulation 2025/754 published in OJ
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Delegated Regulation 2025/754

Commission Delegated Regulation (EU) 2025/754 of 16 April 2025 supplementing Regulation (EU) 2023/2631 of the European Parliament and of the Council by specifying rules of procedure for the exercise of the power to impose fines or periodic penalty payments by the European Securities and Markets Authority on external reviewers

RecitalsArticle 1 - Rules of procedure in infringement proceedings before the investigating officerArticle 2 - Rules of procedure to be followed by ESMA with regard to fines and supervisory measuresArticle 3 - Rules of procedure in infringement proceedings to be followed by ESMA with regard to periodic penalty paymentsArticle 4 - Rules of procedure to be followed by ESMA with regard to interim decisions on supervisory measuresArticle 5 - Access to the file and use of documentsArticle 6 - Limitation periods for the imposition of fines and periodic penalty paymentsArticle 7 - Limitation periods for the enforcement of penaltiesArticle 8 - Collection of fines and periodic penalty paymentsArticle 9 - Entry into force