Transaction reporting

A transaction report is a data set submitted to us which contains information relating to a transaction. Each transaction report includes information about the financial instrument traded, the firm undertaking the trade, the trade counter party, the person on whose behalf the firm has dealt (where applicable) and the date/time of the trade.

The primary function for which we use transaction reports is to detect and investigate suspected market abuse. Transaction reports may also be used for conduct supervision purposes and in support for the work of other regulatory authorities (eg Bank of England).

The Markets Reporting Team (MRT) is responsible for monitoring the quality of transaction reporting data. They are also responsible for specialist supervision of firms’ compliance with SUP17 of the Handbook and for the formulation of market data reporting policy.

The Transaction Reporting User Pack (TRUP version 3.1, Feb 2015) is a consolidated point of reference to help firms comply with their transaction reporting obligations.

Resources

NLX Derivatives (from NASDAQ OMX) (May 2013)
This extract provides current transaction reporting guidance on derivatives admitted to trading on NLX.

OTC Derivatives (CESR/10-661 guidance) (PDF)

European Securities and Markets Authority (ESMA) MiFID database
ESMA publishes, among other information, a list of shares admitted to trading on EU regulated markets, a list of regulated markets, of MTFs and central counterparties.

SWIFT website
Details on how to obtain a feed of the Swift Business Identifier Codes (BICs online).

Financial Services Register
Details of how to obtain a feed of Firm Reference Numbers (FRNs) or search for FRNs online.

Market Watch newsletter

Our Market Watch newsletter looks at market abuse risk, transaction reporting, suspicious transaction and order reporting, and other market conduct issues.  It can help regulated firms and other non-regulated market users understand more about these areas and relevant practices to consider.

The latest newsletter (Market Watch 53) covers some important MiFID II requirements around Legal Entity Identifier (LEI), market data obligations, MDP entity portal, outsourcing market data and systematic internalisers (SIs) and the instrument reference data obligation.  These newsletters include relevant market and transaction reporting issues.

See all editions of Market Watch

Archive Market Watch issues (FSA website)

Fines

Firms are expected to submit transaction reports in accordance with SUP17. View our list of firms that we have fined for failures in their transaction reporting.

Errors and failures notifications

If a firm finds errors in their transaction reports or fails to submit some or all of its transaction reports as required under SUP 17, a transaction reporting errors and failures notification form should be submitted to the MRT ([email protected]).

Contact details

Email: [email protected]
Helpline: 020 7066 6040

To subscribe to our Market Watch newsletter, please email [email protected] and request to be added to the distribution list.

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