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Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data – CFTC

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The Refinitiv brand is seen on a display screen in places of work in Canary Wharf in London, Britain August 1, 2019. REUTERS/Toby Melville

WASHINGTON, Sept 27 (Reuters) – The U.S. Commodity Futures Buying and selling Fee (CFTC) on Monday mentioned it has filed and settled prices towards Refinitiv US SEF LLC, within the company’s first ever enforcement motion towards a swap execution facility over reporting violations.

Refinitiv, which supplies monetary information and software program to merchants, banks and buyers, has agreed to pay a civil penalty of $650,000 for failing to report sure swap information for no less than 320,000 transactions from February 2016 by way of August 2020, the CFTC mentioned in a press release. It added that on a number of events, the agency both knew or had motive to suspect it was not absolutely complying with necessities. Refinitiv ultimately reported the violations to CFTC, the regulator mentioned.

Refinitiv didn’t have an instantaneous remark. In keeping with the CFTC order, the corporate didn’t admit or deny the CFTC prices.

The agency is owned by the London Inventory Trade Group and is the most important buyer of Reuters Information. Thomson Reuters, the mum or dad firm of Reuters Information, holds a minority stake within the LSE.

Reporting by Chris Prentice and Katanga Johnson; enhancing by Edward Tobin

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