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NEWS: UK’s FCA issues first fine under new MiFIR law for transaction reporting failures

Steve Smart, joint executive director of enforcement and market oversight at the FCA

By PAUL O’DONOGHUE, Senior Correspondent

Infinox Capital has been fined £99,200 by the UK’s Financial Conduct Authority (FCA) for failing to submit tens of thousands of transaction reports.

The FCA said Infinox did not submit 46,053 transaction reports, “which risked market abuse going undetected”.

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