On 2nd April 2026, the Financial Conduct Authority (FCA) and Bank of England (BoE) (the Regulators) invited expressions of interest from market participants to join a new taskforce in relation to transaction and post-trade reporting.
Summary
The Regulators explained that the purpose of this taskforce is to inform the design of their long-term approach to harmonising transaction and post-trade reporting requirements.
The Regulators further explained that the taskforce would comprise of three working groups with the following individual objectives:
- Policy group: Identifying and assessing opportunities for harmonising data collected under UK MiFIR, UK EMIR and UK SFTR and reviewing and sharing feedback on proposals to support the simplification of reporting of the data.
- Strategy group: Providing strategic insight from industry experience to help simplify transaction and post-trade reporting and exploring how harmonisation will benefit reporting firms’ overall wholesale market activity.
- Architecture group: Identifying and assessing opportunities to leverage modern technologies, architecture and data to simplify and streamline transaction and post-trade reporting.
The Regulators set out that the working groups will each be co-chaired by the Regulators and that members will be appointed in a personal capacity.
Next steps
The Regulators also set out duration of the appointment will be for an initial period of 18 months, after which it will be reviewed, and that the working groups will meet on a regular basis, normally every 2 months, but they may meet more frequently, if necessary, to carry out their responsibilities.
The deadline for applications is 23 April 2026.