FCA: Final Notice: Infinox Capital Limited

The firm has been fined £99,200 for failing to submit 46,053 transaction reports for single-stock CFD trades executed through one of its corporate brokerage accounts. Although the firm identified its failure to submit these transaction reports following a third-party review, it did not proactively report the breach to FCA, which independently identified this discrepancy in transaction data submitted.  Although CA has fined a number of firms for transaction reporting failures, this is the first enforcement action against a firm for a breach of transaction reporting requirements since they became law under UK MiFIR.