Everything You Need To Know About FCA Transaction Reporting

Everything You Need To Know About FCA Transaction Reporting

Transaction reporting is the detailing of each major transaction made through a financial institution. FCA uses the reports to detect and investigate suspected market abuse. Here is what you need to know about FCA Transaction Reporting.

Complete and accurate data is crucial in this process. The transaction report includes elements such as information about the financial instrument traded, the buyer and seller, date and time of the trade, and the firm undertaking the trade.

The reports can only be submitted by an investment firm offering their stories, a trading venue whose transaction took place and Approved Reporting Mechanism acting on behalf of an investment firm.

All transaction reports should also be made once to the home competent authority, regardless of whether a branch is involved. These are some of the guidelines that entail FCS Transaction Reporting. The reports can also be used to support other regulatory authorities in England.