PIMFA
Transaction Reporting
Transaction reporting is the requirement for firms to report details of financial transactions to regulatory authorities. The purpose of transaction reporting is to;
- Promote transparency
- Monitor market activity
- Prevent financial crime
- Ensure compliance with regulatory requirements
Transaction Reporting is an obligation under MIFID II, and requires reports to be generated containing complete and accurate information on the types of instruments traded, when and how the instruments are traded, and by whom.
- trANSACTION WORKING GROUP
The PIMFA Transaction Reporting Working Group supports members by providing guidance, best practices and regulatory interpretation to address challenges in reporting accuracy, data quality and controls.
- trANSACTION REPORTING ACADEMY
The PIMFA Transaction Reporting Academy (TRA) is an innovative, practical and results-focused learning experience that augments your core reporting skills while deepening your knowledge in key areas of the MiFIR transaction reporting requirements.
Find out more about the academy here.
FCA Discussion Paper: Improving the UK Transaction Reporting Regime
February 2025
FCA Issues Landmark Fine Against Infinox Capital for Transaction Reporting Failures
The FCA has fined Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports under the UK Markets in Financial Instruments Regulation (MiFIR) between October 2022 and March 2023. The failure, which involved contract for difference (CFD) trades executed through a corporate brokerage account, compromised market transparency and risked undetected market abuse. This action underscores the FCA’s commitment to upholding market integrity and ensuring strict compliance with transaction reporting requirements.
If you are a PIMFA member and would like to stay informed about similar FCA developments, such as our response to the Discussion Paper: Improving the UK transaction reporting regime, please reach out to join the Transaction Reporting Working Group by contacting Maria Fritzsche.
Read the FCA press release here
FCA Issues Landmark Fine Against Infinox Capital for Transaction Reporting Failures
The FCA has fined Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports under the UK Markets in Financial Instruments Regulation (MiFIR) between October 2022 and March 2023. The failure, which involved contract for difference (CFD) trades executed through a corporate brokerage account, compromised market transparency and risked undetected market abuse. This action underscores the FCA’s commitment to upholding market integrity and ensuring strict compliance with transaction reporting requirements.
If you are a PIMFA member and would like to stay informed about similar FCA developments, such as our response to the Discussion Paper: Improving the UK transaction reporting regime, please reach out to join the Transaction Reporting Working Group by contacting Maria Fritzsche.
Read the FCA press release here
20 January 2025
This discussion paper aims to improve the usefulness of transaction reporting data and to support the competitiveness of the UK market. The paper states that the aim is to improve the regime to reduce reporting burdens for firms as well as align with international standards.
Please find the discussion paper here.
