FCA and Bank seek members for their Transaction and Post-trade Reporting Taskforce
Why this matters
This regulatory update from the FCA and Bank of England establishes a new taskforce to harmonize transaction and post-trade reporting requirements across different regulatory regimes. This is relevant for firms involved in wholesale market activities, including banks, broker-dealers, fintechs, and payment providers. The update outlines the objectives and structure of the taskforce, which could lead to changes in reporting requirements, so it is of medium urgency for the affected firms.
AI-generated classification rationale, not a full analysis. Verify with the original FCA source before acting. Full disclaimer.
What the FCA said
The FCA and Bank of England (Bank) invite expressions of interest from market participants to join a new taskforce. The purpose of this taskforce is to inform the design of our long-term approach to harmonising transaction and post-trade reporting requirements.The taskforce will be comprised of three separate working…
Extract from FCA . Read the full notice at the source for the authoritative text.
Context
Financial Conduct Authority (FCA) — UK financial services regulator. We track 425 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Reporting & Disclosure, Technology & Cyber, Authorisation & Licensing and Banking & Credit.