Waystone Asset Management (IE) Limited

active
Home member state
Ireland
Competent authority
Central Bank of Ireland (CBI)
LEI
635400GF9HZVBJ2E6L67
Office type
Head office
Head office address
4th Floor 35 Shelbourne Rd Dublin 4 Ireland
Authorisation date
1 November 2007

Authorised services

Reception and transmission of orders active
Execution of orders active
Portfolio Management active
Foreign exchange services active

Sanctions

Administrative sanction and measure 1 December 2015

Issued by: Central Bank of Ireland (CBI)

On 1 December 2015, the Central Bank fined Lambay €49,000 and reprimanded it in relation to breaches of its obligations under Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 (the “CRR”) and the European Communities (Markets in Financial Instruments) Regulations 2007 (S.I. No. 60 of 2007) (“MiFID Regulations”). Lambay overstated its own funds position by including unaudited profit in its quarterly returns and failed to implement adequate accounting procedures and internal control mechanisms specifically in relation to the production of its regulatory returns.

Data sourced from the ESMA MiFID investment firms register, updated weekly.

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