On 25 February 2011, the FSA published a letter to Transaction Reporting System (TRS) users explaining how the LSE has purchased TRS from the FSA. The LSE will now operate the TRS and the FSA has assigned its contractual rights to the LSE.
The existing contracts between TRS and the FSA will terminate in 2012 but the reporting obligations in the FSA Supervision Manual (SUP) will continue.
The letter recommends that firms which have not already discussed the change of ownership of TRS with the FSA should contact them to begin appropriate training for the crossover to the LSE's operational system.
Click here to access the FSA letter.