ESMA’s 2025 Annual Sanctions Report reveals that EU authorities issued over 970 administrative sanctions and measures in 2024, totaling more than €100M in fines – mostly under MAR and MiFID II

Around 60% of actions involved fines and 10% were settlements exceeding €20 million. The report highlights significant variations in enforcement approaches across Member States, underscoring the need for greater supervisory consistency. ESMA emphasises that while sanctions alone do not determine supervisory effectiveness, increased transparency and data sharing are key to achieving more harmonised enforcement across the EU…