UK FSA Guidance Consultation - Transaction reporting of Chi-X centrally cleared CFDs

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November 8, 2010

Chi-X is launching trading in a new type of instrument on 8 November 2010 – centrally cleared contracts for difference (ccCFDs). The FSA wishes to clarify in guidance how these instruments should be reported and which parties have transaction reporting obligations. Responses to this guidance were accepted through November 22, 2010.

The key issues covered in this guidance consultation include:

  • The new Multilateral Trading Facility (MTF) instruments should be treated as OTC CFDs for transaction reporting purposes;
  • The instrument identifier for the ccCFDs should be left blank rather than being populated with the ISIN of the ccCFD;
  • The trading venue should be populated with XXX; and
  • The specific transaction reporting obligations of the parties are set out in detail.

This guidance is likely to be of most relevance to investment firms.


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