What REGULATION (EU) 2023/1114 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 - Article 88 requires
This article empowers competent authorities to impose a range of administrative sanctions and measures on natural and legal persons for infringements of the Markets in Crypto-Assets Regulation (MiCA).
Pillar: Crypto & Sovereign Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114
SHA-256 integrity: cc97a017bdcb34082919159456e7837568dc512ab19cc41635aa71c5e0426586
Primary Citations — 6 traced to source
- Article 88, paragraph 1(a): Competent authorities shall have the power to take at least the following administrative sanctions and measures: a public statement which identifies the natural or legal person responsible and the nature of the infringement.
- Article 88, paragraph 1(b): Competent authorities shall have the power to take at least the following administrative sanctions and measures: an order requiring the natural or legal person responsible to cease the conduct and to desist from a repetition of that conduct.
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