Finance

UK's FCA, Bank of England to launch taskforce to shape some reporting rules

Published by Global Banking & Finance Review

Posted on April 2, 2026

1 min read

· Last updated: April 3, 2026

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UK's FCA, Bank of England to launch taskforce to shape some reporting rules
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LONDON, April 2 (Reuters) - Britain's Financial Conduct Authority said on Thursday it, alongside the Bank of England, was setting up a new taskforce to inform the design of its long-term approach to

UK's FCA, Bank of England Set Up Taskforce for Reporting Requirements

New Taskforce to Harmonise Reporting Requirements

Background and Purpose

LONDON, April 2 (Reuters) - Britain's Financial Conduct Authority said on Thursday it, alongside the Bank of England, was setting up a new taskforce to inform the design of its long-term approach to harmonising transaction and post-trade reporting requirements.

Invitation to Market Participants

The FCA and the BoE are inviting expressions of interest from market participants to join the taskforce, the statement said.

Reporting and Editorial Credits

(Reporting by Sam Tabahriti; Editing by Muvija M)

Key Takeaways

  • The FCA and BoE aim to streamline and harmonise reporting obligations across multiple regimes, reducing duplication and aligning with international standards (e.g. UK MiFIR, EMIR, SFTR) (fca.org.uk).
  • This follows a broader reform agenda including consultations on transaction reporting (DP24/2), with a policy statement expected in the second half of 2026 and proposed implementation period of around 18 months (fca.org.uk).
  • Market participants are being invited to express interest in joining the taskforce, which will inform the design of the long‑term harmonisation approach, reflecting a cross‑authority and industry collaboration (fca.org.uk)

References

Frequently Asked Questions

What is the aim of the new FCA and Bank of England taskforce?
The taskforce aims to inform the long-term approach to harmonising transaction and post-trade reporting requirements.
Who can join the new reporting taskforce?
Expressions of interest are being invited from market participants to join the taskforce.
What areas will the reporting taskforce focus on?
The taskforce will focus on the design of transaction and post-trade reporting requirements.
Which organizations are involved in launching the reporting taskforce?
The Financial Conduct Authority (FCA) and the Bank of England (BoE) are launching the taskforce together.
When was the new taskforce announced?
The FCA announced the formation of the taskforce on Thursday, April 2.

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