The FCA published MW 70 on the 3rd October 2022. The Market Watch 70 focuses on MiFIR transaction reporting (RTS 22) and reference data reporting (RTS 23) activities. Please find below a summary of the key items raised regarding MiFIR transaction reporting (RTS 22). Arrangements that identify and remediate reporting issues
FCA encouraged by the progress made with RTS 22 data quality.
FCA provided table with number of firms requesting transaction reporting data extract and submitting breach notifications.
Firms not making regular extract requests are reminded this is a requirement under Article 15(3) of RTS 22.
FCA suggests many firms are not conducting sufficient checks on their data.