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New version applies from 01/01/2014 — introduced by Capital Requirements Regulation (CRR), Commission Delegated Regulation (EU) No 1002/2013. 191 provisions change. Later versions: 02/07/2014, 25/06/2015, 16/09/2015, 12/01/2016, 03/01/2017, 01/04/2017, 30/06/2017, 01/01/2019, 17/06/2019, 18/12/2019, 01/01/2020, 18/06/2020, 11/02/2021, 13/02/2021, 28/06/2021, 12/08/2022, 24/12/2024, 17/01/2025. Recital 85 changes in this version: compare with the current text.

Recital 85

Recital 85

(85)Before taking a decision to impose fines or periodic penalty payments, ESMA should give the persons subject to the proceedings the opportunity to be heard in order to respect their rights of defence.

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