Esma fines DTCC for data-sharing failings
This is the first time the regulator has fined a trade repository under Emir
The European Securities and Markets Authority (Esma) has fined a trade repository for the first time, levying a €64,000 penalty against the Depository Trust & Clearing Corporation (DTCC) for failing to provide the regulator with adequate access to derivatives data.
The fine hinged on how quickly Esma could gain access to data between March and December 2014, during which delays in making 2.6 billion reports available to the regulator increased from the required two days to 62.
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