Firms that currently use the FSA’s Transaction Reporting System (TRS) to meet their SUP 17 obligations may be aware that the Regulator is planning to withdraw from this service.
The FSA has entered into a conditional agreement to sell TRS to the LSE for £15m. The latter already operates UnaVista which is its own Approved Reporting Mechanism (ARM). The plan is to migrate TRS users to UnaVista on completion of the transaction – which is subject to clearance by the Office of Fair Trading.