On 7 November 2024, the Financial Conduct Authority (FCA) published Market Watch 81.

In this edition of Market Watch, the FCA discusses recent observations from its supervision of the UK MiFID transaction reporting regime, including its assessment of findings from skilled person reviews issued under section 166 of the Financial Services and Markets Act 2000 to address transaction reporting failings. The FCA notes that the work outlined in Market Watch 81 will interest firms subject to UK MiFID transaction reporting requirements, as well as those subject to trade reporting requirements under UK EMIR and SFTR.

In terms of next steps, the FCA flags that it may conduct further work on the areas covered in its Market Watch articles to ensure appropriate remedial actions are taken by firms. It reminds firms to continue to submit errors and omissions notifications for any issues they become aware of.