Transaction Reporting: Zen

A reminder for firms that transaction report that the Zen ‘hard go-live’ date is 13 November at the latest.

The FSA’s surveillance and monitoring system, Sabre, is being replaced by Zen which has enhanced capabilities including support for transactions identified using the Alternative Instrument Identifier(Aii). In practical term firms will need to ensure that transactions in securities that do not use an ISIN (currently firms are not obliged to report such transactions in securities derivatives) are reported by the hard go-live date at the latest.

For further details, including impact on the FSA’s TRS reporting system and other ARMs, please refer to Regulatory Roundup 30.