Market infrastructure operator has become the sole shareholder of REGIS-TR after acquiring 50% from Clearstream.
The penalty comes just days after the UK branch was awarded a full EMIR reporting license by the Financial Conduct Authority.
The UK sister company within the pan-European trade repository was launched in March 2019 to maintain a continuous reporting service for clients in the UK following Brexit.
The vendor-led porting covered all relevant trade reporting data from CME following the announcement that it would be transitioning out of the market as a repository.
Thomas Steinmann to succeed Elena Carnicero as new head of European trade repository.
REGIS-TR is awaiting regulatory approval to establish a trade repository in the UK to continue serving clients post-Brexit.