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Status: You are viewing the version of the handbook as on 2005-06-30.

SUP 17.2 Purpose

SUP 17.2.1RRP

This chapter sets out the requirements for firms to report transactions to the FSA. One purpose of the chapter is to implement article 20 of the Investment Services Directive which has the two aims of protecting investors and ensuring the smooth operation and transparency of the markets in transferable securities. Transaction reports also form a useful part of the FSA's arrangements for monitoring (under paragraph 6(1) of Schedule 1 to the Act) and can assist the FSA in assessing the type and conduct of business carried out by a firm.