The reports of transactions with tools offered by the bank have had errors since 2018.
The Danish financial markets regulator has ordered Saxo Bank A/S to ensure the submission of complete and accurate information on transaction reporting as the company had many ‘deficiencies’ in previous reports.
“Since the beginning of 2018, Saxo Bank A / S’s reports of transactions have been associated with a number of deficiencies,” the Financial Supervisory Authority, known as FSA, stated in Friday’s announcement.
The regulator detailed that the shortcomings in reporting include errors in the information.
