On 9 July 2021, the FCA published a new webpage concerning UK MiFIR data reporting and LIBOR transition.

Specifically, the new webpage deals with the following questions:

• Should a transaction report be submitted when the reference rate for a previously reported contract changes from LIBOR to an alternative rate (whether as a result of the application of a fallback or otherwise)?
• Are trading venues required to amend financial instrument reference data when the reference rate for an instrument changes from LIBOR to an alternative rate (whether as a result of the application of a fallback or otherwise)?