This document is an excerpt from the EUR-Lex website
Document 62020TN0760
Case T-760/20: Action brought on 21 December 2020 — Jakeliūnas v ESMA
Case T-760/20: Action brought on 21 December 2020 — Jakeliūnas v ESMA
Case T-760/20: Action brought on 21 December 2020 — Jakeliūnas v ESMA
OJ C 72, 1.3.2021, p. 29–30
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
1.3.2021 |
EN |
Official Journal of the European Union |
C 72/29 |
Action brought on 21 December 2020 — Jakeliūnas v ESMA
(Case T-760/20)
(2021/C 72/41)
Language of the case: Lithuanian
Parties
Applicant: Stasys Jakeliūnas (Vilnius, Lithuania) (represented by: R. Paukštė, lawyer)
Defendant: European Securities and Markets Authority (ESMA)
Form of order sought
The applicant claims that the General Court should:
— |
declare that ESMA’s refusal by letter ESMA22-105-1261 of 30 October 2020 to grant the applicant’s request of 30 September 2020 that it launch an inquiry into possible market manipulation (‘the request’) is unfounded; |
— |
order ESMA to reassess the request; |
— |
order ESMA to pay the costs. |
Pleas in law and main arguments
In support of the action, the applicant relies on three pleas in law.
1. |
The basis for the first plea in law is that:
|
2. |
The second plea in law relates to the fact that the applicant’s request is not founded on a need to apply Regulation (EU) 2016/1011 of the European Parliament and of the Council (4) and Regulation (EU) No 596/2014 of the European Parliament and of the Council (5), enactments upon which ESMA founded its refusal. |
3. |
The basis for the third plea in law is that:
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(1) Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) (OJ 2003 L 96, p. 16).
(2) Commission Directive 2003/124/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the definition and public disclosure of inside information and the definition of market manipulation (OJ 2003 L 339, p. 70).
(3) Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ 2010 L 331, p. 84).
(4) Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (OJ 2016 L 171, p. 1).
(5) Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ 2014 L 173, p. 1).