FSA publishes Newsletter on Market Conduct and Transaction Reporting Issues
The FSA has published its Newsletter on Market Conduct and Transaction Reporting Issues. The issue includes the following sections:
- Data integrity
- Monitoring outsourcing arrangements
- Use of default time
- Intention to move from FRN to BIC only for reporting firm ID
- Interfund reporting - a change to our policy
- Counterparty / client validation
- Change in validating the instrument type field
- Reporting life-cycle events on OTC derivatives
- Pricing credit default swaps
- Electronic STR submission