{"id":"sanctions/cssf-2024-10-02-the-investment-firm-2-pm-europe-s-a","title":"CSSF fine on the investment firm 2 PM Europe S.A, 2 October 2024","type":"sanction","date":"2024-10-02","authority":"CSSF","amount":"45000","html":"<p>On 2 October 2024 the Commission de Surveillance du Secteur Financier (CSSF) imposed an administrative fine of EUR 45,000 on the investment firm 2 PM Europe S.A (Investment firms). The decision was published on 13 December 2024. The CSSF gives the ground as non-compliance with professional obligations related to the “MiFID II” framework.</p>\n<p>Legal basis: <a href=\"/lhoft?page=laws%2F1993-04-05-n1\" class=\"wikiLink\" data-target=\"laws/1993-04-05-n1\">Law of 5 April 1993 on the financial sector</a>.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/administrative-sanction-of-2-october-2024/\" target=\"_blank\" rel=\"noreferrer\">Decision page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/S_19_EI_2_PM_Europe_S.A._131224_en.pdf\" target=\"_blank\" rel=\"noreferrer\">decision PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent.</p>"}