NOTICE OF SUMMARY ACTION

FILE NO.:

CME-RSRH-21-6332

MEMBER FIRM:  

SUCDEN FINANCIAL LIMITED

CME RULE VIOLATION:

561. REPORTS OF LARGE POSITIONS (In pertinent part)

Clearing members, omnibus accounts and foreign brokers must provide the Market Regulation Department with the required CFTC Form 102 (“Identification of Special Accounts”) accurately identifying the owners, controllers, controlled accounts and any additional information required for each reportable account within three Business Days of the first day that the account in question becomes reportable. Notwithstanding the three Business Day requirement, on the first day that an account becomes reportable, clearing members, omnibus accounts and foreign brokers must, at the direction of the Market Regulation Department, submit the following information: account type, reportable account number and names and addresses of the owners and controllers of the account.

Any material changes to the information previously provided to the Market Regulation Department will require the submission of a revised form within three Business Days of such changes becoming effective. Additionally, in the absence of any material changes, the Market Regulation Department may require the submission of a new form on a biennial basis for the maintenance of accurate records.

FINDINGS:

During the month of August 2021, Sucden Financial Limited, inaccurately submitted a CFTC Form 102A with inaccurate information, in violation of Rule 561.

PENALTY:

On September 15, 2021, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against Sucden Financial Limited for its violation of Rule 561.   

EFFECTIVE DATE:

October 7, 2021