LOPRLondon Office Policy Review (UK)
LOPRLarge Option Position Reporting
References in periodicals archive ?
The firm was unaware of the coding error that deleted expiring options on the expiration date from the LOPR and, as a result, it failed to find and prevent that deletion.
Its supervisory system was not reasonably designed to achieve compliance with the rules on position limits and the reporting of positions to the LOPR, nor did it include sufficient written supervisory procedures to ensure the proper reporting of positions to the LOPR.
According to the agency, the firm submitted options positions to the LOPR using a different file name than the one used on the firm's prior Options Clearing Corporation (OCC) LOPR submissions.