Swedish watchdog does most of EU’s biting
A report from Esma shows that Sweden’s Finansinspektionen alone is behind a large majority of all sanction fees issued in the EU under the new market abuse regulation, MAR, writes Dagens Industri.
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The new MAR framework gives regulators such as Sweden’s Finansinspektionen a mandate to punish individuals with sanction fees. And it does – like none other.
Behind five out of six in all EU
Out of 35 such MAR sanctions issued in the EU from July 2016 to December 2017, Sweden stood for 29 – that is 83 percent of the number.
This is to read in a report from Esma, according to Dagens Industri.
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Dominated other sanctions too
For other forms of abuse, 107 cases of sanction fees were noted throughout the EU – with Finansinspektionen being behind 77.