A Participant has concluded an internal investigation and confirmed a violation of the Universal Market Integrity Rules (UMIR). By what deadline must this be reported to the Market Regulator?

Question

Accepted Answer

Under UMIR, if a Participant makes a finding that a violation has occurred, they must report this finding to the Market Regulator by the 15th day of the month following the month in which the finding was made.

A Participant has concluded an internal investigation and confirmed a violation of the Universal Market Integrity Rules (UMIR). By what deadline must this be reported to the Market Regulator?

Discussion