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Part II UK Securities Markets, 7 Transaction Reporting

David Lawes

From: Financial Markets and Exchanges Law (2nd Edition)

Edited By: Michael Blair, George Walker, Stuart Willey

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 24 September 2020

Subject(s):
UK Financial Services Authority (FSA) — Bank of England — European Securities and Markets Authority (ESMA) — Issue and trading of securities — Credit default swap (CDS) — Primary market — Market Abuse Directive (MAD) — Market abuse — Insider trading — Insider dealing
7.01 While trade reporting is concerned with the price formation process, the purpose of the transaction reporting regime is primarily to enable the regulator to identify and evidence market abuse, insider trading, and market manipulation. A transaction report is a data set submitted to the UK’s Financial Services Authority (FSA) containing information about the beneficial account and counterparties to a trade, as well as the time, price, quantity, instrument characteristics, and trading capacity. Accurate and complete transaction reporting is essential to enable...
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