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LSE To Buy FSA’s Reporting System
The Financial Services Authority is selling its approved reporting mechanism, Transaction Reporting System ,to the London Stock Exchange for £15 million.
TheFinancial Services Authority(FSA) is selling its approved reporting mechanism, Transaction Reporting System (TRS), to theLondon Stock Exchange(伦敦)£1500万。TRS,设置为代表orting of transactions in regulated instruments by firms to the FSA, has been offloaded as it did not form part of the FSA’s core role of a regulator.
The LSE is planning to transfer TRS customers to itsUnaVistaplatform on completion of the transaction, which is subject to clearance by theOffice of Fair Trading. Corporate finance advisorPricewaterhouseCoopersand legal advisorMills & Reeveadvised the FSA on the sale.
Click here for the release fromFinancial Services Authority.