Improving the UK’s transaction reporting regime by streamlining and simplifying regulatory requirements can be a crucial facilitator in the ongoing modernisation of the UK’s capital markets ecosystem; greatly increasing efficiencies, strengthening international competitiveness, and better-enabling UK markets to deliver economic growth.

UK Finance and its members have welcomed the opportunity to inform the FCA's early thinking as it reviews current requirements under UK MiFID, and we look forward to engaging further on these matters in the months ahead.

This submission was prepared with advisory support from Norton Rose Fulbright LLP.