Retail Brokers See Lower Costs: FCA Updates Reporting for 7 Billion Trades

FCA plans cuts to save firms £100m a year

The FCA has outlined a series of proposed changes to UK transaction reporting rules that it claims could save firms more than £100m annually. The regulator currently receives over 7bn MiFID transaction reports every year, using this data to help maintain market transparency, detect financial crime and assess overall market resilience. However, the FCA says the current system places unnecessary cost burdens on firms and may not deliver the most e…

AFME Welcomes FCA Streamlining Transaction Reporting

Commenting on the FCA’s consultation on MiFID transaction reporting, Giulia Pecce, Head of Secondary Capital Markets and Wholesale Investor Protection Policy at AFME, said: “We welcome the FCA’s efforts to adopt a more proportionate approach to transaction reporting. These measures will allow firms to focus resources on core activities, reduce costs, and improve operational efficiency, while maintaining the UK’s status as a competitive and well-…

UK Regulator Poised to Streamline Transaction Reporting Rules for Greater Efficiency

The UK’s financial regulator has announced plans to relax certain transaction reporting requirements, aiming to reduce the administrative burden on market participants. The move, detailed in a Reuters report, reflects ongoing efforts to streamline regulatory compliance while maintaining market transparency and integrity. Industry stakeholders have welcomed the proposed changes, viewing them as a potential boost [...]

FCA CP on improving the UK transaction reporting regime

On 21 November, the Financial Conduct Authority (FCA) published a consultation paper (CP 25/32) setting out proposals to improve the UK transaction reporting regime.BackgroundThe transaction reporting rules in the Markets in Financial Instruments Regulation (MiFIR) were implemented in 2018 and on-shored following the Brexit transitional period on 31 December 2020. In November 2024 the FCA published DP24/2 in relation to improving the UK transact…

Retail Brokers See Lower Costs: FCA Updates Reporting for 7 Billion Trades

The Financial Conduct Authority has outlined potential savings of over £100 million by adjusting transaction reporting requirements. Retail brokers are expected to benefit from lower costs and improved market data quality.The regulator, which receives more than seven billion transaction reports under MiFID each year, uses this data to help maintain the transparency and resilience of UK markets.Join IG, CMC, and Robinhood at London’s leading trad…

FCA says its simplification of reporting rules to 'save firms over £100m'

The streamlining of reporting requirements by the FCA will save firms over £100 million, the regulator says. The FCA receives over seven billion