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Preamble
Recitals 52
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-3) 3
Title II - PROVISION OF ESG RATINGS IN THE UNION (Article 4-14) 11
Title III - INTEGRITY AND RELIABILITY OF ESG RATING ACTIVITIES (Article 15-46) 32
- Chapter 1 - Organisational requirements, processes and documents concerning governance (Article 15-22) 8
- Chapter 2 - Transparency requirements (Article 23-24) 2
- Chapter 3 - Independence and conflicts of interest (Article 25-27) 3
- Chapter 4 - Supervision by ESMA (Article 28-42) 15
  - Section 1 - General principles (Article 28-34) 7
  - Section 2 - Supervisory measures and penalties (Article 35-38) 4
  - Section 3 - Procedures and review (Article 39-41) 3
    
    Article 39 - Procedural rules for taking supervisory measures and imposing fines
    
    Article 40 - Hearing of persons subject to investigations
    
    Article 41 - Review by the Court of Justice of the European Union
  - Section 4 - Fees and delegation (Article 42) 1
- Chapter 5 - Cooperation between ESMA and the competent authorities (Article 43-46) 4
Title IV - DELEGATED AND IMPLEMENTING ACTS (Article 47-50) 4
Title V - TRANSITIONAL AND FINAL PROVISIONS (Article 51-53) 3
Annexes 3

Article 41 - Review by the Court of Justice of the European Union

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Article 41

Review by the Court of Justice of the European Union

The Court of Justice of the European Union shall have unlimited jurisdiction to review decisions of ESMA imposing a fine or a periodic penalty payment. It may annul, or reduce or increase the amount of, the fine or periodic penalty payment imposed.

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