FCA Release New Transaction Reporting Guidelines

FCA Release New Transaction Reporting Guidelines


The FCA today released the new Transaction Reporting User Pack(TRUP). The document provides guidance to firms to help them understand their transaction reporting obligations. The most recent version of TRUP has been released to both update and provide further clarification on the previous version of the document.

Download a copy of TRUP 3 here

UnaVista has been in consultation with the FCA to ensure that our service is comprehensive in helping clients to be compliant with their reporting obligations. UnaVista's stringent validation and enhanced reporting capabilities provides clients with all the tools necessary to meet the FCA's requirements. UnaVista's transaction reporting reconciliation service ensures firms can have extra security by doing a three-way check between their own data, UnaVista's and what the FCA has received.

Find out more information about UnaVista Transaction Reporting service here.

The following has been taken from the FCA's website:

Background to the publication of this guidance

The TRUP provides guidance to firms on understanding the transaction reporting obligations that come from Directive 2004/39/EC on MiFID, implemented through SUP17 of the FCA Handbook. Version 2 of the TRUP was published in September 2009.

The purpose of Version 3 is to:

  • update the document to remove historical information that is no longer relevant;
  • update references and incorporate guidelines published by the Committee of European Securities Regulators (CESR);
  • incorporate guidance published elsewhere and guidance issued since the publication of Version 2; and
  • provide clarification on areas raised by firms and trade bodies and where it is helpful in assisting the FCA to conduct its market abuse monitoring.

The proposed text for Version 3 of the TRUP was published for consultation on 3 November 2011.

You can find details of the consultation on our website

Feedback on the response to the consultation

We received responses from 24 respondents including trade associations on:

  • the main changes highlighted in the consultation
  • additional changes
  • existing text where no changes were proposed

We considered the feedback carefully and amended some of the text accordingly.

Please see a summary of the feedback received and a copy of the revised text with the changes from the consultation text highlighted.