The FSA confirmed today that the London Stock Exchange’s Exchange Reporting Service (ERS) will be an Approved Reporting Mechanism for the provision of transaction reports under MiFID.
The ERS offers a transaction reporting service for customers wishing to have a straightforward and cost effective way of submitting MiFID-compliant transaction reports to the FSA.
The service builds on the Exchange’s experience in providing transaction reporting, and will encompass the expanded range of transactions for which reports to regulators will now be required, including on-exchange and OTC trading; equities, debt and derivatives and trades done on regulated markets or on prescribed markets such as AIM.
The Exchange is also considering expanding the ERS to offer the capability to submit transaction reports to other European regulators.