The UK regulator, the Financial Services Authority (FSA), has confirmed that the London Stock Exchange’s Exchange Reporting Service (ERS) will be an Approved Reporting Mechanism for the provision of transaction reports under the Markets in Financial Instruments Directive (MiFID).
The ERS offers a multi-asset class transaction reporting service for users to submit MiFID-compliant transaction reports to the FSA.
The service covers both on-exchange and OTC trading; equities, debt and derivatives; and trades done on regulated markets or on prescribed markets such as AIM.
The London stock exchange says it is considering expanding the ERS to offer the capability to submit transaction reports to other European regulators.