Cantor Fitzgerald Ireland Limited

The Central Bank has determined the appropriate fine to be €646,840, which was reduced by 30% to €452,790 by way of a settlement discount. This legal requirement is a key safeguard in our system to protect securities markets from abuse and firms must have processes in place that are effective to ensure STORs are reported. The Central Bank has issued clear guidance to firms on this matter and we will continue to enforce compliance with these important requirements. 2 Market abuse includes insider dealing, unlawful disclosure of inside information and market manipulation. It erodes confidence in the integrity of markets and has the potential to increase the cost of trading, distort the playing field and undermine fair competition, to the detriment of both investors and firms looking to securities markets to raise necessary funding. Firms should now review their STOR reporting in light of the Central Bank’s findings in this case, to ensure they are reporting all reasonable suspicions to the Central Bank and meeting their responsibilities to safeguard the integrity of our securities markets. ” Background Cantor is authorised as an investment firm under Regulation 8(3) and deemed authorised under Regulation 5(2) of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. No. 375 of 2017).