In Britain, a Derivatives Code Rises
Dawn of the UK Derivatives Code
With the implementation of Zen, the UK Financial Services Authority’s (FSA) new transaction reporting system, now past, heads are turned towards November 13.
This is the date when use of Alternative Industry Identifier (AII) codes for the reporting of exchange-traded derivatives transactions becomes mandatory for all financial firms in the UK. Firms have been able to report exchange-traded derivatives without the new data entries until now, but the new system allows for a far more comprehensive
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