Skip to content
  • forex news
wikifx

wikifx

  • forex news
  • Toggle search form
  • BNY Mellon names Jennifer Barker CEO of its Treasury Services business forex news
  • QFC owner Glen Galemmo banned from trading forex news
  • SIX, BearingPoint partner to develop fully integrated invoice-to-payment service forex news
  • SEC secures final judgments in case targeting startup company investment scam forex news
  • BGC Partners reaffirms its revenue forecast for Q3 2021 forex news
  • GMO Financial Holdings marks rise in profits in first nine months of 2021 forex news
  • Former HSBC FX trader to seek dismissal of wire fraud charges forex news
  • Saxo Bank launches 3D printing theme basket forex news

ESMA fines UnaVista for EMIR breaches

Posted on 2021-09-23 By admin No Comments on ESMA fines UnaVista for EMIR breaches

The European Securities and Markets Authority (ESMA) announces that it has fined trade repository UnaVista Limited €238,500 for eight breaches of the European Market Infrastructure Regulation (EMIR).

The breaches relate to failures in ensuring the integrity of data and providing direct and immediate access to regulators. The breaches, committed between 2016 and 2018, were found to have resulted from negligence on the part of UnaVista.

UnaVista failed to ensure the integrity of the data reported to it due to various data processing incidents, including:

  • incorrect field ordering logic;
  • incorrect mapping rules; and
  • crossed date boundaries.

The trade repository also failed to provide direct and immediate access to regulators by:

  • generating incorrect or unreliable reports for regulators, due to incorrect field ordering logic, incorrect mapping rules and crossed date boundaries; and
  • not providing regulators with direct and immediate access to trade state reports and historic trade state reports, due to missed data exports and to non-existent functionality respectively.

In calculating the fine, ESMA considered both aggravating and mitigating factors provided for in EMIR and the common root causes for some of the infringements were taken into account.

UnaVista may appeal against this decision to the Joint Board of Appeal of the European Supervisory Authorities. However, such an appeal does not have suspensive effect, although it is possible for the Board of Appeal to suspend the application of the decision in accordance with Article 60(3) ESMA Regulation.

forex news Tags:forex-news

Post navigation

Previous Post: FINRA suspends former Transamerica rep for cryptocurrency activities
Next Post: FIS recommends to shareholders to reject TRC’s “mini-tender” offer

Related Posts

  • Jack Dorsey’s Square buys Afterpay for USD $29 billion forex news
  • TMGM Review 2022:Is TMGM safe or a scam? forex news
  • Hudson River Trading Europe joins SIX Swiss Exchange forex news
  • Exclusive: Axicorp UK client revenues up 46% in 2021 to £17.2M forex news
  • Eurex expands FX offering forex news
  • FX week in review: Liquidity.net launch, UEFA Europa sponsor, results from ETX, CMC, Equiti, Admirals forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Forex Trader News of the Week
  • A-book forex brokers VS A-book brokers, differences?
  • BrokersView Ranking: Top10 forex brokers Nigeria
  • STC Trade View: Is STC Trade Broker Safe?
  • Fake Authority Scam In Germany Claimed To Be UK FCA Warned By BaFin

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Plus500 announces grant of shares to directors under bonus scheme forex news
  • 360T selects FairXchange for trade and pricing data analytics forex news
  • Robinhood sued for misleading claims in IPO registration statement forex news
  • ThinkMarkets launches institutional business with Liquidity.net forex news
  • Forex Cartel trader refuses to drop lawsuits against CFTC, DOJ forex news
  • Deutsche Börse appoints Barbara Roth as Head of Group Audit forex news
  • NAB appoints James Spenceley to Board forex news
  • FCA issues final LIBOR publications before end-2021 deadline forex news

Copyright © 2023 wikifx.

Powered by PressBook News WordPress theme