FCA Finalises Rules to Cut Firms' Transaction Reporting Costs by over £100m a Year

FCA Sets Rules to Cut Reporting Costs by £100m a Year

Transaction reports are critical to the FCA’s ability to detect and investigate market abuse, monitor market functioning and supervise firms effectively. The new rules are designed to ensure the FCA continues to receive accurate, high-quality data while eliminating duplicative or low-value reporting. By removing unnecessary reporting the changes will reduce regulatory burden and support growth and competitiveness. The changes will save firms mor…

FCA Cuts £108 Million a Year From Reporting Costs but Keeps CFDs in Scope

The Financial Conduct Authority (FCA) finalized rules on Monday that will cut the cost of UK transaction reporting by more than £100 million a year. Contracts for difference and spread bets are not part of the relief.The regulator put the industry's current annual reporting bill at £493 million and expects it to fall to roughly £385 million, a net saving of £108 million. The rules take effect on 3 April 2028."Transaction reports are the backbone…

FCA finalises rules to cut firms' transaction reporting costs by over £100m a year - Essex Magazine

Transaction reporting requirements become smarter, simpler and more proportionate under new rules from the Financial Conduct Authority (FCA). Transaction reports are critical to the FCA’s ability to detect and investigate market abuse, monitor market functioning and supervise firms effectively. The new rules are designed to ensure the FCA continues to receive accurate, high-quality data while […]

FCA’s new savings approach to transaction reporting

The Financial Conduct Authority (FCA) has announced new rules around transaction reporting that could save companies tens of millions of pounds per year UK businesses will be subject to less transaction reporting following the announcement of new rules made by the Financial Conduct Authority (FCA).  The FCA announced today (3 August) it will remove “unnecessary reporting” of transactions made to HM Revenue and Customs (HMRC) from 65 to 52 as par…

FCA reporting overhaul to save financial firms £100m a year

The UK regulator, the Financial Conduct Authority (FCA), has unveiled an overhaul of its transaction reporting rules that it says will save financial services firms more than £100m a year. The reforms are designed to reduce duplicative and low-value reporting while maintaining the quality of data used by the regulator to detect market abuse, monitor market functioning and supervise firms. Under the changes, the number of fields included in trans…

FCA publishes policy statement in relation to transaction reporting

On 3 August 2026, the Financial Conduct Authority (FCA) published its policy statement in relation to improving the UK transaction reporting regime (PS26/15).BackgroundThe FCA sets out that it considers that UK Markets in Financial Instruments Regulation (UK MiFIR) transaction reports are critical for its work to monitor financial markets, conduct market abuse surveillance and support supervisory activities and that HM Treasury plans to repeal U…