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ESMA sanctions report 2025

October 16, 2026 | Urs Zulauf

ESMA published its report on sanctions and measures imposed in the member states in 2025. The report advocates for stronger convergence among the member states.

On October 15, 2025, ESMA published its third report on sanctions and measures imposed by member states in 2025. The report uses the number of actions and measures, as well as the amount of fines imposed, as core metrics. However, ESMA acknowledges that “supervisory effectiveness ultimately depends on market participants’ compliance with the rules and should not be measured solely by the number or value of sanctions imposed in a Member State.” Looking ahead, ESMA is advocating for stronger convergence among the member states.

Link to ESMA media release