(75)Member States should lay down rules on penalties applicable to infringements of this Directive and ensure that they are implemented. The penalties should be effective, proportionate and dissuasive.
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New version applies from 02/07/2014 — introduced by Directive 2014/65/EU (MIFID II).
97 provisions change.
Later versions: 13/01/2019, 26/06/2021, 02/08/2021, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 75 changes in this version: compare with the current text.