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Text as of 1 Jan 2022 · Consolidated version of 23 November 2025 · Same wording as today’s text.Today’s text

Article 38m — Review by the Court of Justice

Financial servicesLevel 1RegulationMiFIRIn forceOfficial source

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.