Article 25
The competent authorities shall apply the administrative sanctions and measures referred to in Article 24(2) taking into account all relevant circumstances including, where appropriate:
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(a) |
the gravity and the duration of the infringement; |
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(b) |
the degree of responsibility of the person responsible for the infringement; |
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(c) |
the impact of the infringement on retail investors' interests; |
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(d) |
the cooperative behaviour of the person responsible for the infringement; |
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(e) |
any previous infringements by the person responsible for the infringement; |
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(f) |
measures taken after the infringement by the person responsible for the infringement to prevent its repetition. |