The FCA announced last week it had issued its first fine for transaction reporting failures under MiFIR.
The regulator said: “Infinox Capital Limited (Infinox) has been fined £99,200 [$§123,000] by the FCA for failing to submit 46,053 transaction reports which risked market abuse going undetected.”
“Between 1 October 2022 and 31 March 2023,
“Although Infinox identified its
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