February 2011

LSEG Response to Commission Communication: “Reinforcing sanctioning regimes in the financial services sector”

The London Stock Exchange Group has submitted a response to the Commission’s Communication: “Reinforcing sanctioning regimes in the financial services sector”.

Our submission highlights several key points, including:

• We fully support a dissuasive, punitive and harmonised sanctions regime, and believe that standards should be brought up to the highest levels that currently exist in European Union.
• Sanctions should be consistently and proportionately enforced.
• The application and use of sanctions should be continually monitored by the ESAs to ensure consistency across the member states.
• Any changes to the sanctions regime should properly align with proposed changes in MiFID and the Markets Abuse Directive.

LSEG Response to Commission on reinforcing sanctioning regimes

(file pdf - 25 KB)