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 reporting 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.
latest news
FCA consultation CP 25/32: Improving the UK transaction reporting regime
The FCA has published consultation paper CP 25/32 to support HMT commitment to repealing and replacing the Markets in Financial Instruments Regulation (MiFIR) transaction reporting rules with a more proportionate and streamlined framework in the FCA Handbook.
The paper outlines the proposed changes as well as a cross-authority vision with HMT and the Bank of England on a new long-term, strategic approach to streamlining transaction reporting requirements across multiple regimes.
The deadline for responses is 20 February 2026.
PIMFA’s Transaction Reporting Working Group is meeting to discuss the paper on 8th December at 10:00.
If you are a PIMFA member and you would like to join the meeting please contact Maria Fritzsche.
Read the consultation here.
FCA – CP 25/32: Improving the UK transaction reporting regime
The FCA is consulting on proposals to significantly simplify the UK’s transaction reporting requirements. The changes aim to reduce compliance burden and costs for firms while maintaining effective market oversight.
- Streamlined reporting fields: Reduced from 65 to 52 fields, cutting unnecessary data requirements
- Scope relief: 6 million financial instruments and FX derivatives removed from reporting obligations, benefiting over 400 UK firms
- Reduced resubmission burden: Back reporting period cut from 5 to 3 years, lowering resubmitted reports by a third
- Simplified international access: Trading venues will populate fewer fields, easing compliance for 1,700+ international firms
- Reference data optimisation: Instrument fields reduced from 48 to 37, and systematic internalisers relieved of submission obligations
The consultation can be found here.
For further discussion on this consultation or to join our Transaction Reporting Working Group, please contact Maria Fritzsche.