The FCA has issued several fines for transaction reporting failures to date. More recently, the FCA fined Infinox Capital Limited (Infinox) £99,200 ($123,000) for failing to submit over 46,000 transaction reports. This is the first enforcement action against a firm for a breach of transaction reporting requirements under the UK
First fine for transaction reporting failures under MiFIR sends clear message
4 min read
Seung Earm considers historical transaction reporting fines to follow the FCA’s thinking on their current enforcement plans.