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Author: Karen Cooper

UK MiFID: FCA seeks market feedback on transaction reporting requirements

On 15 November 2024, the FCA published a discussion paper (DP24/2) on 'Improving the UK transaction reporting regime'. The paper outlines potential options for evolving the transaction reporting (RTS 22) and instrument reference data (RTS 23) requirements with a view to improving data quality while reducing reporting burdens for firms. The discussion paper closes on 14 February 2025. Responses will inform the FCA’s consultation proposals for a new transaction reporting regime (which will see UK RTS 22 repealed and the regime moved into the FCA Handbook).