New UK transaction and post-trade reporting taskforce

The UK Financial Conduct Authority (FCA) and the Bank of England (BoE) have opened the application window for prospective members of a new UK transaction and post-trade reporting taskforce. The purpose of the taskforce is to inform the UK's long‑term approach to harmonising transaction and post‑trade reporting requirements across regimes including the UK Markets in Financial Instruments Regulation (UK MiFIR), the UK European Market Infrastructure Regulation (UK EMIR) and the UK Securities Financing Transactions Regulation (UK SFTR). It is intended that the taskforce will run for 18 months, after which the position will be reviewed. Further detail is set out in the terms of reference for the taskforce.

The taskforce will comprise three working groups: a main policy group which will focus on opportunities for harmonisation and simplification, a strategy group which will provide insight from industry experience, and an architecture group, which will explore opportunities to leverage modern technologies. The FCA and the BoE will co-chair the working groups, which are expected to meet every two months or more often if needed. The deadline for applications is 23 April.

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