Who Handles EMIR Violation Enforcement for Online Brokers?
Posted: Mon Apr 11, 2016 9:07 am
In a previous article we wrote that the €64,000 fine by ESMA of the DTCC appears to show that the EU regulatory body has begun to take an active role in ensuring that trade repositories are collecting EMIR reporting data correctly.
In today’s post we take a look at what the penalty risks are for corporations that fail to comply with EMIR reporting.
similar infractions may be treated differently in different countries
Unlike trade repositories, over which ESMA has jurisdiction of enforcement of their practices, penalties to individual financial and non-financial firms that are obligated to report under ... (read more)