ESMA fined trade repository REGIS-TR, S.A. €1,374,000 for seven breaches of EMIR and SFTR – the first SFTR enforcement case and ESMA’s highest fine against a trade repository. The violations involved inadequate policies/procedures, organizational structure, operational risk management, confidentiality safeguards, and misuse of information. ESMA also issued a public notice and ordered REGIS-TR to end the ongoing infringements.
ESMA Fines Regis-TR €1.37 mln
E