Global Private Rating Company v ESMA (Joint Committee, Board of Appeal) [2014] EUBOA BoA_2013_014 (13 January 2014)

Global Private Rating Company v ESMA (Joint Committee, Board of Appeal) [2014] EUBOA BoA_2013_014 (13 January 2014)

The Board of Appeal found that ESMA acted within its powers and complied with procedural requirements, upholding the original decision.

Source-derived case information.

Parties
Applicant: Global Private Rating Company; Respondent: European Securities and Markets Authority (ESMA)
Jurisdiction
European Union
Procedural Posture
Appeal / Decision
Outcome
appeal dismissed
Legal Topics
Credit Rating Agencies, Supervisory Authority Powers, Appeal Procedures
Financial Regulation Administrative Law Credit Rating Agencies Supervisory Authority Powers Appeal Procedures

Source-derived case record

Summary, issues, holding and outcome

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Parties

Global Private Rating Company

Applicant

European Securities and Markets Authority (ESMA)

Respondent

Procedural Posture

Appeal / Decision

Legal Issues

  1. 1 Whether ESMA's decision regarding the applicant was lawful
  2. 2 Whether the applicant's rights were properly considered in the supervisory process

Ratio Decidendi

The Board of Appeal found that ESMA acted within its powers and complied with procedural requirements, upholding the original decision.

Court Disposition

appeal dismissed