What did the ESMA judgment (2014) decide, and how did it change Meroni?

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It upheld ESMA's short-selling intervention powers, refining Meroni: discretion IS permissible if clearly defined, based on objective criteria, time-limited, and judicially reviewable. Case: United Kingdom v Parliament and Council, on Regulation 236/2012 (short selling). A doctrinal evolution, not a rupture.

What did the ESMA judgment (2014) decide, and how did it change Meroni?

It upheld ESMA's short-selling intervention powers, refining Meroni: discretion IS permissible if clearly defined, based on objective criteria, time-limited, and judicially reviewable.

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