Summary Fines for Reporting Infractions

This Advisory Notice supersedes CME Group Market Regulation Advisory Notice RA1714-5 issued on October 11, 2017.  It is being issued to update the list items for which summary fines pursuant to Rule 512 (“Reporting Infractions”) may be levied.

Rule 512 requires that all data, records and other information required to be reported to the Exchanges or CME Clearing be submitted in an accurate, complete and timely manner.  The Rule authorizes the Chief Regulatory Officer or his designee to issue summary fines based on the inaccurate, incomplete or untimely submission of data or records.  The summary fines may not be less than $1,000 or in excess of $5,000 per offense for individuals or $10,000 per offense for firms or facilities.

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