penalty

12 Jul: DTCC Derivatives Repository fined €408,000 for EMIR data breaches

(Source: European Securities and Markets Authority)

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator,has fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringementsof the European Market Infrastructure Regulation (EMIR) regarding data confidentiality, dataintegrity, and direct and immediate access to data.The breaches relate to:• granting certain asset managers access to data that they were not entitled to receive;• setting up its IT system in a way which altered the substance of certain informationreported to DDRL; and• failing to provide regulators with direct and immediate access to relevant data

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