FCA Proposes MiFID Reporting Overhaul to Save Firms £100 Million Annually

FCA Consults on Overhaul of UK MiFID Transaction Reporting Regime

The regulator aims to significantly reduce the administrative burden of the regime.By Rob Moulton, Becky Critchley, and Charlotte CollinsOn 21 November 2025, the FCA published a Consultation Paper (CP25/32) on changes to the transaction reporting regime under UK MiFID, following the commitment by HM Treasury to make the transaction reporting regime more proportionate, streamlined, and agile in the FCA’s Handbook. Headline proposals include reduc…

FCA Proposes MiFID Reporting Overhaul to Save Firms £100 Million Annually

What Is Changing in the UK’s MiFID Reporting Framework? The UK’s Financial Conduct Authority (FCA) has unveiled a sweeping set of proposals to overhaul MiFID-era transaction reporting, in a move the regulator says will save firms more than £100 million a year. The consultation — released as CP25/32 — represents the most significant redesign of Britain’s transaction reporting landscape since the post-Brexit onshoring of EU rules in 2021. The FCA …