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New transaction reporting proposals to cut costs and reduce burden, FCA says

A member of staff poses next to trading boards at the London Stock Exchange
Photo: Carl Court/Getty Images

The FCA will also work with the Treasury and the Bank of England to streamline other reporting regimes for UK market participants.

The FCA has launched a consultation process on its latest proposals to streamline the UK’s transaction reporting rules and introduce what it says is a cheaper and more proportionate regime.

The proposals are part of the UK’s ambition to move away from the Markets in Financial Instruments Regulation (MiFIR), which

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