# Directive 2007/36/EC of the European Parliament and of the Council of 11 July 2007 on the exercise of certain rights of shareholders in listed companies, Article 14b: Measures and penalties

Extent: E+W+S+N.I.

Member States shall lay down the rules on measures and penalties applicable to infringements of national provisions adopted pursuant to this Directive and shall take all measures necessary to ensure that they are implemented.
The measures and penalties provided for shall be effective, proportionate and dissuasive. Member States shall, by 10 June 2019 , notify the Commission of those rules and of those implementing measures and shall notify it, without delay, of any subsequent amendment affecting them.

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Source: https://www.legislation.gov.uk/eudr/2007/36/article/14b (the official version)
Page: https://openlegislation.uk/eu-directive-2007-36/article-14b
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.