From 5 November 2007 the FSA will require that all reportable transactions be reported through systems which comply with specific requirements set out in Article 12 of the MiFID implementing Directive. The FSA collectively refers to such transaction reporting systems as Approved Reporting Mechanisms (ARMs). The FSA has now published on its website guidelines for those firms wishing to make an application to become an ARM. At the end of the guidelines the FSA sets out a list of those entities that have already been approved as ARMs.

View Approved Reporting Mechanisms (ARMs), 4 October 2007