01 · In plain English
What happened.
The FCA fined Infinox Capital Limited £99,200 for failing to submit any MiFIR transaction reports for single‑stock CFD trades executed through one corporate brokerage account between 1 October 2022 and 31 March 2023. Article 26(1) of MiFIR requires trading counterparties to report details of transactions to the relevant regulator; Infinox admitted liability and agreed a settlement, qualifying for a 30% discount. The FCA published a Final Notice on the matter (link below).
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA register says.
The Financial Conduct Authority (the FCA) has imposed a financial penalty of £99,200 on Infinox Capital Limited (Infinox). The reason for this action is because between 1 October 2022 and 31 March 2023, the FCA considers that Infinox breached Article 26(1) of MiFIR by failing to submit any transaction reports to the FCA in relation to single-stock contract-for-difference transactions executed through one of its corporate brokerage accounts. Infinox admitted liability for this breach and agreed to settle, qualifying for a 30% discount. The FCA’s action took effect on [insert date] and a copy of the Final Notice is displayed on the FCA's website and can be accessed using the following link:
03 · Firm details
Firm on the FCA register.
- Firm name
- Infinox Capital Limited
- Firm reference number
- 501057
- Register status
- Authorised
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