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Text as of 1 Jan 2022 · Consolidated version of 1 January 2022 · The wording differs from today’s text.Today’s text

Article 27e — Withdrawal of authorisation

Financial servicesLevel 1RegulationMiFIRIn forceOfficial source

27e(1)

1.ESMA, or the national competent authority where relevant, may withdraw the authorisation of a data reporting services provider where the latter:

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27e(1)(a)
(a)does not make use of the authorisation within 12 months, expressly renounces the authorisation or has provided no services for the preceding six months;
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27e(1)(b)
(b)obtained the authorisation by making false statements or by any other irregular means;
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27e(1)(c)
(c)no longer meets the conditions under which it was authorised;
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27e(1)(d)
(d)has seriously and systematically infringed this Regulation.
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27e(2)

2.ESMA shall, where relevant, without undue delay, notify the national competent authority in the Member State where the data reporting services provider is established of a decision to withdraw the authorisation of a data reporting services provider.

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