Page 43 - 期货和衍生品行业监管动态（2026年2月）

期货和衍生品行业监管动态

 REGIS-TR 未能确保根据《欧盟市场基础设施监管条例》收到的信息的

保密性、完整性，以及做好信息保护；

 REGIS-TR 未能防止滥用其根据《欧盟市场基础设施监管条例》在其系

统中接收和维护的信息。

调查发现，这些违规情形是由于 REGIS-TR 的疏忽所致。在计算罚款金额时，

ESMA 考虑了《欧盟市场基础设施监管条例》中规定的加重和减轻处罚因素。

ESMA 还要求 REGIS-TR 终止尚未整改的三项违规情形（涉及《欧盟市场基

础设施监管条例》和《欧盟证券化融资交易条例》项下的政策和程序，以及《欧

盟证券化融资交易条例》项下为确保业务连续性所需的组织结构）。

ESMA Sanctions REGIS-TR for Serious Breaches of Organisational Obligations

(2026/2/19)

The European Securities and Markets Authority (ESMA), the European Union’s

(EU) financial markets regulator and supervisor, has fined the trade repository (TR)

REGIS-TR, S.A. a total of EUR 1,374,000 for seven infringements under the

European Market Infrastructure Regulation (EMIR) and the Securities Financing

Transactions Regulation (SFTR).

While ESMA has sanctioned EMIR breaches in the past, this is the first

enforcement case involving SFTR breaches and the highest fine imposed by ESMA

on a trade repository so far. ESMA has also issued a public notice and requires

REGIS-TR to bring ongoing infringements to an end.

It is important for TRs to comply with their obligations under EMIR and SFTR

to ensure the quality of the TR data and protect the stability, integrity and

trustworthiness of EU financial markets. The services offered by Regis-TR under

EMIR and SFTR were affected by the serious issues identified by ESMA, which in

particular undermined the correct implementation of the new SFTR reporting regime

and compromised the confidentiality of TR data.

33