LONDON, April 2 — The Financial Conduct Authority and the Bank of England have jointly invited expressions of interest from market participants to join a taskforce aimed at informing the design of a long-term approach to harmonising transaction and post-trade reporting across UK wholesale markets, according to a statement.
Taskforce structure and objectives
The taskforce will be organised into three working groups — Policy, Strategy and Architecture — each co-chaired by the FCA and the Bank.
The Policy group will assess opportunities to harmonise data collected under UK MiFIR, UK EMIR and UK SFTR, and review proposals aimed at simplifying reporting requirements.
The Strategy group will provide industry insight on how harmonisation could improve reporting processes and support wholesale market activity.
The Architecture group will evaluate how modern technologies, data frameworks and system design could be used to streamline transaction and post-trade reporting.
Industry participation and appointment terms
Membership will consist of senior representatives from firms involved in transaction and post-trade reporting, appointed in a personal capacity, according to the statement.
The regulators said they will seek balanced representation across different types of firms active in wholesale markets, alongside diversity considerations.
Appointments will run for an initial period of 18 months and are subject to review. The working groups are expected to meet approximately every two months.
Application process and timeline
Market participants interested in joining the taskforce are required to submit a CV and cover letter indicating their preferred working group.
The deadline for applications is April 23, 2026. The regulators said selected members will be announced in due course.
