Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €525.
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €1,225,000. Breaches The breaches identified are that certain of the Firm‟s administrative procedures and internal control mechanisms were not adequate in respect of its stock lending activity in contravention of Regulation 10(3) of the Regulations, as follows: • the Firm failed to adopt an adequate investment policy or adequate investment objectives for stock lending; • the Firm failed to impose sufficient parameters for stock lending on its investment managers; • the Firm failed to ensure that there were in place adequate reporting and internal control systems designed to monitor that stock lending was being managed in accordance with an adequate investment policy and investment mandate(s); • the Firm failed to monitor the performance of the investment managers in relation to stock lending adequately against Board approved policies and procedures; • the Firm failed to have adequate systems of internal control present to ensure that its stock lending investment activities were properly supervised; • the Firm failed to review its investment policies on an annual basis; and • the Firm did not set risk limits in respect of stock lending, and did not receive regular information from its risk management function on asset exposures and the associated risks.
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €65,000. Breaches Three breaches were identified which occurred between the period from August 2004 to December 2011 and relate, in the main, to a failure to comply with the premium rebate and overpayment handling and systems and control requirements of the Handbook and the Code. The breaches identified are:
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €165,000. Contraventions The contraventions of the MiFID Regulations, which occurred during the period between 1 February 2010 and 31 December 2011 (the “Relevant Period”), were as follows: The Firm executed 523,389 transactions during the Relevant Period and, in breach of Regulation 112(3)(b) and (c), failed to report details of these transactions to the Central Bank by the close of the following working day or reported incorrect details of those transactions. In breach of Regulation 33(1)(a), the Firm failed to establish adequate policies and procedures sufficient to ensure compliance with the Firm’s obligations under the MiFID Regulations, specifically its transaction reporting obligations. In breach of Regulation 33(1)(f), the Firm failed to ensure that it had in place and used effective control and safeguard arrangements for its information processing systems, relating to transaction reporting. In breach of Regulation 105(2), the Firm failed to exercise due skill, care and diligence when entering into and/or managing an arrangement for the outsourcing of operational functions relating to transaction reporting to an external service provider. In breach of Regulation 33(1)(e), the Firm failed to ensure that any outsourcing by the Firm of transaction reporting functions was not undertaken in such a way as to impair the quality of the Firm’s internal control or the Central Bank’s ability to monitor the Firm’s compliance with its transaction reporting obligations.
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €100,000. Contraventions The contraventions identified were as follows:
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €650,000. Contraventions The three contraventions, which occurred at various periods between March 2008 and March 2013, are as follows:
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €50,000. Breaches The two breaches identified, of the CJA 2010, are:
Reprimand and fine. The Central Bank reprimanded the firm and required it to pay a monetary penalty of €65,000 for its failure to comply with certain requirements of the CJA 2010, aimed at protecting the financial system from the risk of exposure to money laundering and terrorist financing. Breaches The breaches identified are:
Reprimand and fine. The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €1,960,000. Prescribed contraventions Five contraventions in total were identified. Liquidity contraventions Three liquidity contraventions were identified:
Reprimand and fine. The Central Bank reprimanded C&C and required it to pay a monetary penalty of €90,000. Breaches of the Market Abuse Regulations and Market Abuse Rules From 2 January 2008 to 29 January 2009, C&C committed breaches of Regulation 11 of the Market Abuse Regulations and Rule 6.1 of the Market Abuse Rules in relation to the insider list (“Insider List”) maintained by C&C, in that during this period of time, C&C failed to:
