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ARTICLE · 27 FEBRUARY 2018

FCA Publishes Market Watch No. 55

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On 12 December 2017, the FCA published Market Watch No. 55 newsletter, covering issues regarding current market conduct and transaction reporting issues.

European UnionFinance and Banking
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On 12 December 2017, the FCA published Market Watch No. 55 newsletter, covering issues regarding current market conduct and transaction reporting issues.

The newsletter addresses the following points, amongst others:

  • the transaction reports of an investment firm in a chain should accurately reflect the transaction from the investment firm's own perspective and report its immediate counterparty or client (unless it meets the transmission conditions under Article 4 of Commission Delegated Regulation (EU) 2017/590;
  • investment firms have an obligation to transaction report as quickly as possible and no later than the close of the working day following the day that the transaction took place;

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