Finance
UK regulator plans to ease transaction reporting requirements
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
The UK's FCA proposes easing transaction reporting to save firms over £100M annually, focusing on market resilience and financial crime detection.
(Reuters) -Britain's financial regulator on Friday set out proposals to streamline transaction reporting requirements, which help detect financial crime and monitor market resilience, to reduce costs and help firms save more than 100 million pounds ($130.59 million) annually.
The Financial Conduct Authority said it has proposed removing foreign exchange derivatives from reporting requirements and reducing the period for for correcting historic reporting errors to 3 years from 5.
It is also proposing to remove reporting requirements for financial instruments including equities and bonds that are only traded on European Union trading venues.
($1 = 0.7658 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)
Transaction reporting is the process of documenting and submitting details of financial transactions to regulatory authorities to ensure compliance and monitor market activities.
The Financial Conduct Authority (FCA) is a regulatory body in the UK responsible for overseeing financial markets and protecting consumers by ensuring that financial firms operate fairly and transparently.
Market resilience refers to the ability of financial markets to withstand shocks and recover from disruptions, ensuring stability and confidence among investors and participants.
A reporting error occurs when there is a mistake in the documentation or submission of financial transactions, which can lead to compliance issues and regulatory penalties.
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