The FCA's new transaction reporting rules take effect in 2028, cutting compliance costs by over £100m a year. Delta Capita's Mark Steadman comments.
FCA confirms transaction reporting overhaul, with industry savings expected to exceed £100m annually
The FCA has finalised a major simplification of the UK's transaction reporting regime, set to take effect in April 2028. The changes trim the number of reportable fields, remove FX derivatives from scope, and shorten the window for correcting historical errors, all aimed at cutting compliance costs while keeping the data the regulator relies on for market oversight intact.
Mark Steadman, Head of Report Hub at Delta Capita, welcomed the announcement, noting that the reforms strike a sensible balance: stripping out low-value reporting burdens while preserving the integrity of the regime. With implementation still two years away, firms now have a clear runway to prepare.
Read Mark's full comments in The TRADE News.
