Page 36 - 期貨和衍生品行業監管動態（2025年8月）
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期貨和衍生品行業監管動態
complete and accurate transaction reports for 5 years.
The FCA’s monitoring systems identified issues with the transaction reports
submitted by Sigma, which were raised with the firm in May 2023.
In January 2024, Sigma told the FCA that around 984,000 incorrect reports had
been submitted. Following an independent review, Sigma confirmed in February 2025
that the total number of incorrect reports was 924,584, close to 100% of transactions
handled by the firm between 1 December 2018 and 1 December 2023.
These failures were caused by incorrect system setup and persisted uncorrected
due to weaknesses in their reporting processes.
Steve Smart, joint executive director of enforcement and market oversight, said:
‘The transaction reports we receive are crucial to the work we do in combatting
financial crime. Sigma’s failures were serious, sustained and showed a lack of care.
‘We will take action whenever we identify such failures.’
This is the second enforcement action against Sigma for inadequate transaction
reports, which affects the FCA’s ability to detect and investigate market abuse
effectively.
In October 2022, the FCA fined Sigma ￡531,600 for failing to report on 56,000
transactions and identify 97 suspicious trades between December 2014 and August
2016. The regulator also took action against 3 directors with fines totalling over
￡200,000, 2 of whom were banned.
This case took 16 months from opening in April 2024 to achieving a public
outcome - compared to an average of 42 months for cases closed in 2023/24. The
FCA continues to improve the pace of its enforcement investigations.
https://www.fca.org.uk/news/press-releases/fca-fines-sigma-broking-limited-transacti
on-reporting-failures
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