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---
title: "Article 38m — Review by the Court of Justice"
type: regulation
legal_status: in_force
source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123"
source_retrieved: 2026-09-30
shortTitle: "Article 38m — Review by the Court of Justice"
instrument_type: level1_regulation
authority: Commission
binding: true
binding_character: binding
mica_level2: false
legal_basis: "Regulation (EU) No 600/2014"
instrument: mifir
celex: "32014R0600"
regulation: MiFIR
regulation-full: "Regulation (EU) No 600/2014"
article: 38m
status: in_force
object_id: eu.mifir.legal_text.article.38m
text_version: "Consolidated version of 23 November 2025"
source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123"
check_status: matched
verified: true
last_checked: 2026-10-26
---

*In force · Consolidated version of 23 November 2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123)*

The Court of Justice shall have unlimited jurisdiction to review decisions whereby ESMA has imposed a fine or a periodic penalty payment. It may annul, reduce or increase the fine or periodic penalty payment imposed.

***

[Title VIa — ESMA powers and competences](../titles/via.md) · [← Article 38l](38l.md) · [Article 38n →](38n.md)