ESMA publication of its second consolidated report on sanctions and measures imposed in Member States in 2024, 16 October 2025

On the 16^th of October 2025, the European Securities and Markets Authority published its second consolidated report on sanctions and measures imposed in Member States in 2024. More than 970 administrative sanctions and measures were imposed in financial sectors. Administrative fines had an aggregated value of €100 million, the highest amounts being imposed under Regulation 2014/596/EU (Market Abuse Regulation) and Directive 2014/65/EU (MiFID II). More than 60% of all administrative sanctions and measures were administrative fines and 10% were issued through settlement procedures, with settlements amounting to more than €20 million.

Based on this report, ESMA will enhance discussions between national securities markets authorities on the effective implementation of capital markets rules whilst ensuring that similar breaches lead to similar enforcement outcomes across the EU.