FSC fines „Делтасток“ АД over 12 trade-disclosure breaches
The Financial Supervision Commission recorded a penalty against „Делтасток“ АД for failing to disclose information on 12 off-venue trades within five minutes of each transaction. The penalty notice, Р-14-19/28.04.2023, entered into force on 3.5.2023.
Key facts
- Finding
Failure to disclose information on 12 trades executed outside a trading venue within five minutes of each trade.
- Entity
"Делтасток" АД
- Penalty
8,400; the supplied record does not specify a currency.
- Procedural status
Penalty notice Р-14-19/28.04.2023 entered into force on 3.5.2023.
Five-minute disclosure requirement
The FSC found 12 breaches of Article 21(1) of Regulation (EU) No 600/2014, read together with Article 7(1) and Article 7(4)(b) of Delegated Regulation (EU) No 2017/583. The finding concerned failure to publish trade information through the mechanism identified in the notice as ОМП within the required five-minute window.
The notice places the breaches in Sofia on 15.07.2022, 20.09.2022, 15.11.2022, 22.11.2022 and 23.11.2022.
Official source
Financial Supervision Commission 2023 penalty register entry for „Делтасток“ АД, notice Р-14-19/28.04.2023.
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