Below is a record of published transaction reporting fines
On this page 
In order to be able to effectively monitor for market abuse, competent authorities need to receive complete and accurate information regarding the types of instruments, when and how they are traded, and who has traded them.
A failure to submit complete and accurate transaction reports may result in regulatory action.
Transaction reporting fine
Date |
Investment firm fined |
Reasoning |
|---|---|---|
| 27/03/2019 | Goldman Sachs International (GSI) | Goldman Sachs International (GSI) has been fined £34.3million for failing to provide accurate and timely reporting relating to 220.2 million transaction reports. |
| 18/03/2019 | UBS AG (UBS) | UBS is fined £27.6million for failings relating to 135.8 million transaction reports between November 2007 and May 2017. |
|
22/04/2015 |
MLI is fined £13.2million for failing to report and incorrectly reporting transactions. The fine reflects MLI’s failure to address the root causes over several years. |
|
|
21/08/2014 |
The London branch of Deutsche Bank AG is fined £4.7 million for failing to accurately report all of its Equity Swap CFD transaction reports. |
|
|
16/07/2013 |
RBS is fined £5.6 million for failing to report 37% of their relevant transactions and breaching their requirement to have adequate management controls. |
|
|
20/08/2012 |
James Sharp is fined £49,000 for failing to report any of its reportable transactions. |
|
|
17/10/2012 |
Plus500UK is fined £205,128 for failing to report and failing to report accurate. The firm did not have appropriate systems and controls, documented procedures or appropriate training for staff. |
|
|
20/01/2011 |
City Index Limited is fined £490,000 for failing to provide accurate transaction reports and for failing to put in place a mechanism for ensuring the accuracy and validity of its transaction reports. |
|
|
25/08/2010 |
The London branch of Societe Generale (Soc Gen) is fined $1.57 million for failing to provide accurate transaction reports across all of its asset classes. |
|
|
27/04/2010 |
The London branch of Commerbank AG is fined £595,000 for failing to report and for providing inaccurate transaction reports. |
|
|
08/04/2010 |
Instinet is fined £1.05 million for failing to provide accurate transaction reports. And, for not having adequate systems and controls in place to meet the transaction reporting requirements. Instinet failed to take adequate steps to review its processes and the accuracy of it transaction reporting data. |
|
|
08/04/2010 |
Getco is fined £1.4 million for failing to provide transaction reports promptly and correctly. |
|
|
08/04/2010 |
Credit Suisse is fined £1.75 million for failing to provide accurate and timely transaction reports. |
|
|
19/08/2009 |
Barclays is fined £2.45 million for failing to provide accurate transaction reports and for serious weaknesses in its systems and controls in relation to transaction reporting. |