ALERT: PROCÉDURE - INDEPENDENT ADMINISTRATIVE AGENCY DECISION - FINE - APPEAL - FULL JURISDICTION

Appeal: The Paris Court of appeal authorizes the French Financial Market Authority’s sanction commission to make a new decision after a first one was quashed for violating impartiality requirements (Compania Internacional Financiera/Coudree Capital Management)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. I would like to draw your attention to a judgment delivered on 24 March 2016 by Chamber 5-7 of the Paris Court of Appeal in the context of appeals against AMF decisions, but whose solution, we believe, is transposable, subject of course to taking into account the specific nature of each type of appeal, to competition litigation. In substance, three companies that violated the rules on settlement and delivery of securities admitted to trading on a regulated market, set out in Articles 570-1 and 570-2 of the AMF General Regulation, were notified of complaints by Specialised Commission No. 3 of the AMF Board. The AMF Enforcement Committee, a body separate

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Appeal: The Paris Court of appeal authorizes the French Financial Market Authority’s sanction commission to make a new decision after a first one was quashed for violating impartiality requirements (Compania Internacional Financiera/Coudree Capital Management), 24 March 2016, Concurrences Nº 3-2016, Art. N° 81034, www.concurrences.com

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