Contact

Need Help with Product Sales Data?

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TRS Helpdesk

Check the rules to see if your firm is caught by the requirements. To check whether your firm is subject to the Product Sales Data reporting requirements please refer to SUP 16.11 and Annexes 20 and 21 G. The requirement applies to retail investments, mortgages and a limited number of pure protection products. Please note that all general insurance contracts of insurance are excluded from the scope of PSD reporting.

To confirm, PSD only relates to new sales transactions. So the following transactions are not within the scope of PSD and do not currently need to be reported:

  • mortgage further advances;
  • top-up premiums (on existing policies), increments or policy renewals;
  • re-investments to an existing contract;
  • future policy alterations such as converting a critical illness contract to a long-term care insurance contract in the future.

So if your company only writes general insurance contracts, or is only involved in writing top-up business, effecting policy renewals, altering policies or providing further advances to existing mortgages, you will not need to report PSD.

In addition, firms closed to new business are also excluded from PSD reporting.

How and what to submit

The technical section of our website has all you need to know about the various ways to submit data and exactly what data you need to report.

How to register to use TRS

All firms submitting PSD need to access the Transaction Reporting System (TRS). Before we can give you access to the system and the computer-based training package, you need to contact the TRS Service Desk (0870 0130 467) or fsa.uk@logicacmg.com to register your firm details.

If your firm already reports PSD, and needs to report another product type, you will need to contact the TRS Service Desk (0870 0130 467) or fsa.uk@logicacmg.com.