UK MiFIR Art 26(1)
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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.