Transaction Reporting System (TRS)
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Need help with SUP17 – markets transaction reporting?
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The FSA's Transaction Reporting System (TRS), is our web-based reporting mechanism, which enables firms to submit data to us in accordance with our rules on Transaction Reporting – see Chapter 17 of the Supervision Manual.
Latest updates
February 2010
Successful implementation of New Schema v1-2
TRS is happy to inform you that the new markets data Schema v1-2 has successfully been implemented in the ‘Main TRS Application’.
From now on only Markets data Schema v1-2 can be used to send transaction reports through TRS. The old version 1-1 will be rejected by TRS.
Should you encounter any technical issue when using your new schema please do not hesitate to contact the TRS Service Desk on 0870 013 0467
Alternative Investment Identifier (Aii) Transactions
Firms having their schema v1-2 ready to send Aii transactions will be able to do so from Monday 15th February 2010.
Aii transactions will be accepted and validated by the TRS system. However, these transactions will not be sent to the FSA and will be deleted from the TRS system after 14 days. This means that if firms start sending Aii transactions through TRS before the FSA Aii go-live date (date still to be confirmed by the FSA), these Aii transactions will NOT be passed back to the FSA.
Please note that firms will be charged for Aii transactions. We therefore encourage firms not to send Aii transactions before the FSA Aii go-live date.
Instrument Identifier Code Type ‘O’
Please note that TRS Markets Data Schema v1-2 is removing the option of using the Instrument Identification Code Type ‘O’ for Other.
As mentioned in the Data Reference Guide (version 6) as well as in Market Watch No.31, the attribute type ‘O’ must NOT be used. All transactions with an Instrument Identification Code Type ‘O’ are currently rejected by the FSA with a CON 101 - Mandatory field is missing. TRS will therefore not be accepting ‘O’ type anymore from 15 February 2010.
February 2010
Deferred FSA Aii implementation
The FSA informed the industry that the implementation date for transaction reporting using the Alternative Instrument Identifier (Aii) code has been postponed. No revised date has been issued for the moment.
Please note that this does not affect the new TRS Markets Data Schema V1-2 that goes live on Monday 15th February 2010.
Previous updates
January 2010
End to end testing window available - (Aii)
The aim of this testing is to prove the end to end Aii transaction reporting functionality with TRS and the FSA’s systems. Firms will receive responses showing rejections from both the TRS system and the FSA’s system.
To undertake testing you will need to contact the TRS service desk on 0870 0130467, quoting your FSA Reference Number (FRN). The service desk will then provide your firm with login details and a link to the appropriate testing environment.
January 2010
TRS Updated timeframe for Aii
We will be conducting Operational Acceptance Testing and on successful completion of that testing TRS is planning to switch to the new Markets Data Schema v1-2 on 15th February 2010.
Firms submitting their transactions via Web Upload (XML file) and/or System to System (sFTP):
ALL firms will have to change their schema to version 1-2 by that date whether they will send Aii transactions or not. After 15th February 2010 the old Markets Data Schema v1-1 will NOT be accepted by the TRS system anymore. This means that firms using the old schema will get an XML error. Therefore it is essential for all firms to implement a ‘header change’ to their schema to be able to continue transaction reporting through TRS.
The ‘header change’ is as follows:
- The ‘FSA Market Feed’ tag in the header section of the schema will need to be updated with the following: <FSAMarketsFeedxmlns="http://www.fsa.gov.uk/XMLSchema/FSAMarketsFeed-v1-2">
- The ‘Target Schema version’ tag located in the feed header section of the schema will need to be updated with the recent version: <FeedTargetSchemaVersion>1.2</FeedTargetSchemaVersion>
- The ‘Core Item’ tag which is present at each transaction level will also need to be updated with the correct Market Feed (as shown above)
Firms submitting their transactions via Manual Keying (Keying in reports via web forms)
Firms that only use the Manual Keying function to submit their transactions to the FSA are not required to make any changes. The TRS user interface will be updated in order to allow firms to send Aii transactions.
Firms reporting Aii transactions
Firms ready to start reporting Aii transactions will be able to do so by the FSA soft go-live date (March 2010, exact date still to be confirmed). However, if firms start sending Aii transactions through TRS before the FSA soft go-live, these Aii transactions will NOT be passed back to the FSA.
Recertification
It will not be compulsory for firms to recertify the new Markets Data Schema v1-2 with TRS. It is the firm’s responsibility to ensure they have implemented the necessary header change to be able to continue transaction reporting through TRS.
However, if firms would like assistance in confirming that they are ready to submit Aii transactions , they can do so by calling the TRS service desk on 0870 0130467, quoting your FSA reference number.
It is firm’s sole responsibility to comply with their Aii transaction reporting requirements on the FSA hard go-live date.
September 2009
Schema testing window
To enable you to complete necessary development work for the implementation of reporting transactions with the Aii a testing environment is now available to TRS users wanting to test the new TRS Markets Data Schema version v1-2.
To undertake testing you will need to contact the TRS service desk on 0870 0130467, quoting your FSA Reference Number (FRN). The service desk will then provide your firm with login details and a link to the appropriate testing environment.
Firms wanting to test the ‘System to System’ (sFTP) functionality will need to log a call with the TRS Service desk on 0870 0130467 requesting their directories for Aii Schema testing.
When calling the TRS service desk, firms will have to clearly state the purpose of their call (Aii testing - TRS Markets Data Schema version v1-2).
Contacts
In you are experiencing technical issues please contact the TRS Technical helpdesk on 0870 0130467 or by sending an email to FSA.UK@logica.com.
However, if your query is more business related please contact the Transaction Monitoring Unit Helpline on 020 7066 6040 or by sending an email to tmu@fsa.gov.uk.