• Market Watch 59

    01/04/19

    Completeness and accuracy testing FCA have reminded firms of their requirement for completeness and accuracy testing for transaction reporting. FCA have stated;

  • GS – TRANSACTION REPORTING FINE

    27/03/19

    Goldman Sachs fined £34,344,700 for failing to provide accurate and timely reporting relating to 220.2 million TRs between November 2007 and March 2017. (Reduced from £49,063,900). The summary of their misreporting is; 204.1 million inaccurate report 11 different issues - see attached. 9.5 million under reports 6.6 million over reports 15% of all reporting affected

  • UBS – TRANSACTION REPORTING FINE

    18/03/19

    UBS have been fined £40 million (reduced to £27.5 million) because “UBS breached the requirement for firms to submit complete and accurate transaction reports.”

  • NO DEAL BREXIT AND TRANSACTION REPORTIING

    13/03/19

    The FCA have published guidance for transaction reporting in the case of a no deal Brexit. We have summarised thee requirements here;

  • UPDATE ON DIGITAL REGULATORY REPORTING

    13/03/19

    This phase of work will focus on addressing some of the gaps identified in phase I, in particular understanding the economic viability of DRR and exploring how it could apply to different product groups.

  • CYSEC report - exception management processes

    28/01/19

    A circular from CYSEC has been released mentioning they are aware of EMIR reporting operational issues

1 2 15 16