The U.K.’s Financial Conduct Authority (FCA) has fined UBS £27.6 million ($36,524,840.93) on charges that the Swiss financial services giant had transaction reporting failures when it attempted to comply with now-legacy MiFID I requirements. The fine covers nine-and-a-half years of alleged failings “relating to 135.8 million transaction reports between November 2007 and May 2017,” according… Read More >>
CFTC Exempts Key MTFs From SEF Status
U.K. MTFs Can Operate as Exempt SEFs The U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The four additional United Kingdom-based… Read More >>
Elixirr & Kaizen Partner to Fix Reporting Errors
Management consultant Elixirr and regulatory support vendor Kaizen Reporting are partnering to provide financial services firms with comprehensive remediation capabilities to identify reporting problems, fix the root causes of them, and then resubmit the correct data. Both companies are combining their offerings to facilitate end-to-end support to help securities trading firms tackle a growing list… Read More >>
