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First fine for transaction reporting failures under MiFIR sends clear message

Bishopsgate and 1 Leadenhall Street commercial skyscrapers are seen behind the Royal Exchang.
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Seung Earm | Ibex Compliance

4 min read
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Seung Earm considers historical transaction reporting fines to follow the FCA’s thinking on their current enforcement plans.

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 UKUK MiFIR).

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