UNITED KINGDOM: FCA – Industry to Begin Testing the Financial Instruments Transparency System (FITRS)

Monday September 28 2020

On 28^th September 2020, the Financial Conduct Authority (FCA) announced that the industry will begin testing the Financial Instruments Transparency System (FITRS) on 5 October 2020, as part of developing the post-exit MiFID regime.

The FITRS system will be available for testing and the FCA have published accompanying FITRS technical specifications.

The FCA will be holding virtual workshops with the industry during October 2020 to get feedback on FCA FITRS and FCA FIRDS (Financial Instruments Reference Data System), which continues to be available for testing. The FCA will communicate with firms and trade associations about this shortly.

The FCA encourage third party data providers, venues and trading firms to engage with the parallel run of FITRS and to give us feedback. This will ensure a smooth transition to the new regime in January. To provide feedback after 5 October 2020, please email us: fcafitrs@fca.org.uk.

Click on the link for further information.