S.L. 330.12 Art. 3Supervisory powersandpowers to impose administrative penalties and other administrative measures.

The competent authority shall exercise its supervisory powers and its powers to impose administrative penalties and other administrative measures, in such a way as to ensure full and complete adherence to the requirements and obligations arising out of the Acts and any regulations and Financial Market Rules issued thereunder and MiFIR, either directly or in collaboration with European regulatory authorities and with overseas regulatory authorities, in terms of law as warranted by the relevant circumstances and shall take all measures necessary to ensure that such administrative penalties and administrative measures are implemented.