TRS Update

As will be known (see Regulatory Roundup 33) the FSA’s Transaction Reporting System (TRS) was to be sold to the LSE.

The latter already operates its own equivalent system (UnaVista). The intention is to migrate TRS users to UnaVista in due course. There should be no changes needed to firms’ IT infrastructure or data formats.

TRS users should have received a communication from the FSA advising that the LSE has now taken over the operation of TRS and will now handle the TRS customer relationship.

TRS itself will be closed down and firms’ TRS contracts with the FSA will terminate at 23:59 on 24 April 2012.

The communication provides contact details should the LSE not yet have approached your firm regarding user training and migration to UnaVista.

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