UK MiFIR
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First fine for transaction reporting failures under MiFIR sends clear message
Seung Earm considers historical transaction reporting fines to follow the FCA’s thinking on their current enforcement plans.
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Infinox Capital Ltd fined £99,200 in first MiFIR transaction reporting action
While the FCA has previously fined firms for transaction reporting failures, this marks the first enforcement action under MiFIR for such a breach.
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Data quality issues persist at firms according to the FCA
The regulator praises firms for improving the quality of transaction reporting, but points to continuing or recurring reporting issues.
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Changes to the post-trade risk reduction services and the DTO
The FCA is making changes to notification and disclosure requirements for OTC derivatives.
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FCA week in review July 24 – 30, 2023
Trust in financial services, Consumer Duty, new regulation and enforcement action.