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    1. Home
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    3. >UK's FCA, Bank of England to launch taskforce to shape some reporting rules
    Finance

    UK's Fca, Bank of England to Launch Taskforce to Shape Some Reporting Rules

    Published by Global Banking & Finance Review®

    Posted on April 2, 2026

    1 min read

    Last updated: April 2, 2026

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    Tags:FinanceBankingMarkets

    Quick Summary

    The UK’s Financial Conduct Authority and the Bank of England have launched a joint taskforce to shape a long-term strategy for harmonising transaction and post‑trade reporting requirements. They’re soliciting expressions of interest from market participants to participate in the initiative.

    UK's FCA, Bank of England Set Up Taskforce for Reporting Requirements

    New Taskforce to Harmonise Reporting Requirements

    Background and Purpose

    LONDON, April 2 (Reuters) - Britain's Financial Conduct Authority said on Thursday it, alongside the Bank of England, was setting up a new taskforce to inform the design of its long-term approach to harmonising transaction and post-trade reporting requirements.

    Invitation to Market Participants

    The FCA and the BoE are inviting expressions of interest from market participants to join the taskforce, the statement said.

    Reporting and Editorial Credits

    (Reporting by Sam Tabahriti; Editing by Muvija M)

    References

    • Consultation Paper
    • CP25/32: Improving the UK transaction reporting regime | FCA

    Table of Contents

    • New Taskforce to Harmonise Reporting Requirements
    • Background and Purpose
    • Invitation to Market Participants
    • Reporting and Editorial Credits

    Key Takeaways

    • •The FCA and BoE aim to streamline and harmonise reporting obligations across multiple regimes, reducing duplication and aligning with international standards (e.g. UK MiFIR, EMIR, SFTR) (fca.org.uk).
    • •This follows a broader reform agenda including consultations on transaction reporting (DP24/2), with a policy statement expected in the second half of 2026 and proposed implementation period of around 18 months (fca.org.uk).

    Frequently Asked Questions about UK's FCA, Bank of England to launch taskforce to shape some reporting rules

    1What is the aim of the new FCA and Bank of England taskforce?

    The taskforce aims to inform the long-term approach to harmonising transaction and post-trade reporting requirements.

    2Who can join the new reporting taskforce?

    Expressions of interest are being invited from market participants to join the taskforce.

  • •Market participants are being invited to express interest in joining the taskforce, which will inform the design of the long‑term harmonisation approach, reflecting a cross‑authority and industry collaboration (fca.org.uk)
  • 3What areas will the reporting taskforce focus on?

    The taskforce will focus on the design of transaction and post-trade reporting requirements.

    4Which organizations are involved in launching the reporting taskforce?

    The Financial Conduct Authority (FCA) and the Bank of England (BoE) are launching the taskforce together.

    5When was the new taskforce announced?

    The FCA announced the formation of the taskforce on Thursday, April 2.

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