ESMA issued its implementing technical standards (ITS) on penalties and measures under UCITS V to the European Commission for endorsement. UCITS V requires national competent authorities (NCAs) to provide ESMA annually with aggregated information on all the penalties and measures they impose on companies and persons in respect of infringements under UCITS. In addition, when NCAs make public any administrative penalties or measures, they must report this information to ESMA at the time of publication. These technical standards set out the procedures and forms NCAs must use when submitting this information to ESMA.  UCITS V and these technical standards are to apply from 18 March 2016.