ESMA has fined REGIS-TR €186,000 for 8 breaches of EMIR between 2017 and 2020;
1. "Inadequate system configuration (‘Collateral update incident’)" caused by "incorrectly implementing validation rules" (ESMA Public Notice, 1st Infringement)
2. "Generating reports for Regulators that contained data that was not consistent with the data reported to it (‘Collateral update incident’)" (ESMA Public Notice, 2nd Infringement)
3. "Not providing to the Regulators the reports in the required format and within the required deadlines (‘XML incident’)" (ESMA Public Notice, 3rd Infringement)
4. "Failing to safeguard the integrity of the data correctly reported to it due to an inadequate system configuration (‘Compression incident’)" (ESMA Public Notice, 4th Infringement)
5. "Generating reports for Regulators that contained data that was not consistent with the data reported to it (‘Compression incident’)," (ESMA Public Notice, 5th Infringement)
6. "Providing incorrect and unreliable reports to the Regulators as a result of a validation incident regarding the currency codes reported by Reporting Parties (‘Currencies incident’)" (ESMA Public Notice, 6th Infringement)
7. "Providing incorrect and unreliable reports to the Regulators as a result of a validation incident affecting the Legal Entity Identifiers (‘LEIs’)" (ESMA Public Notice, 7th Infringement)
8. "providing incorrect and unreliable reports to the Regulators as a result of a validation incident affecting the affecting the reporting level of trades (‘Reporting level incident’)" (ESMA Public Notice, 8th Infringement)