Reg Reporting Challenge

Fix the Report

Find the field that needs correcting and choose the right remediation.

Operations3 questions · ~5 min

For reference only. Not legal or regulatory advice — always verify titles, dates and requirements against the official publication.

Question 1 / 3

Scenario

Erroneous notional

The booked notional was always 5,000,000; a mapping defect reported 50,000,000. Nothing about the trade itself changed.

An incorrect notional was reported and accepted yesterday. Which action type corrects it?

aMODI — ModificationbCORR — CorrectioncEROR — ErrordTERM — Termination