Infinox Capital Ltd fined £99,200 in first MiFIR transaction reporting action
While the FCA has previously fined firms for transaction reporting failures, this marks the first enforcement action under MiFIR for such a breach.
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The FCA has fined Infinox Capital Limited £99,200 ($123, 000) for failing to submit over 46,000 transaction reports, marking the first enforcement action under the UK Markets in Financial Instruments Regulation (MiFIR) for such violations.
Between October 2022 and March 2023, Infinox failed to report transactions to the FCA for