{"id":24853,"date":"2026-04-29T12:00:13","date_gmt":"2026-04-29T12:00:13","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/24853\/"},"modified":"2026-04-29T12:00:13","modified_gmt":"2026-04-29T12:00:13","slug":"bloomberg-lseg-and-marketaxess-backed-trade-association-launches-to-support-uk-and-european-arms","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/24853\/","title":{"rendered":"Bloomberg, LSEG and MarketAxess-backed trade association launches to support UK and European ARMs"},"content":{"rendered":"<p>A new trade association \u2013\u00a0The Approved Reporting Mechanism Association (TARMA)\u00a0\u2013\u00a0has been created, with the aim of providing an industry body to support the interests of approved reporting mechanisms (ARMs) across the UK and Europe.\u00a0\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-104688\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/04\/Jose-Navarro-300x300.jpeg\" alt=\"\" width=\"300\" height=\"300\" class=\"size-medium wp-image-104688\"  \/><\/p>\n<p id=\"caption-attachment-104688\" class=\"wp-caption-text\">Jose Navarro<\/p>\n<p>The formation aligns with increasing regulatory focus on the structure and purpose of transaction reporting regimes in the UK and Europe, with\u00a0Bloomberg\u00a0data reporting\u00a0services,\u00a0London Stock Exchange\u00a0reporting\u00a0solutions\u00a0and\u00a0MarketAxess\u00a0post-trade\u00a0serving as the three founding members.\u00a0\u00a0<\/p>\n<p>Specifically,\u00a0ARMs serve as a\u00a0Mifid\u00a0II-regulated third-party entities which\u00a0submit\u00a0transaction reports to national competent authorities or the European Securities and Markets Authority (ESMA) on behalf of investment firms, to ensure trade data accuracy and completeness.\u00a0\u00a0<\/p>\n<p>Jose Navarro,\u00a0chief executive of\u00a0regulatory\u00a0reporting BV\u00a0at\u00a0LSEG and the first\u00a0chair of TARMA,\u00a0said:\u00a0\u201cTARMA has been\u00a0established\u00a0to be a clear and constructive advocate for ARMs at a time of\u00a0significant regulatory change. We look forward to working closely with regulators and\u00a0industry participants to support practical, high-quality transaction reporting outcomes.\u201d\u00a0<\/p>\n<p>Building on this, TARMA has also confirmed that its core\u00a0objectives\u00a0span:\u00a0representing\u00a0ARMs across the UK and Europe, advocating on relevant rule-making processes, promoting consistency and clarity in transaction reporting standards and developing and encouraging the adoption of best practices.\u00a0\u00a0<\/p>\n<p>Moreover, the move comes amid the backdrop of the Financial Conduct Authority\u2019s recent consultation on the UK transaction reporting regime, which closed on 20 February.\u00a0\u00a0<\/p>\n<p>The consultation aimed to\u00a0propose changes that\u00a0\u201creduce the regulatory burden on firms, support sustained economic growth in the UK, enhance our ability to fight financial crime and protect market integrity.\u201d\u202f\u00a0<\/p>\n<p>As a result, industry bodies such as\u00a0<a href=\"https:\/\/www.thetradenews.com\/fix-trading-community-ramps-up-calls-for-regulatory-changes-on-uk-consolidated-tape-and-transaction-reporting\/\" rel=\"nofollow noopener\" target=\"_blank\">FIX have also proposed recommendations<\/a>\u00a0off the back of this.\u00a0\u00a0<\/p>\n<p>Specifically, the proposals\u00a0sought\u00a0to\u00a0align\u202frules with EU post-trade reporting, clarify single-sided reporting responsibilities, promote practical data sourcing and quality standards, streamline fields while preserving transparency, avoid unintended\u00a0complexity or data degradation, and acknowledge the operational impact of adding new reporting requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"A new trade association \u2013\u00a0The Approved Reporting Mechanism Association (TARMA)\u00a0\u2013\u00a0has been created, with the aim of providing an&hellip;\n","protected":false},"author":2,"featured_media":24854,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5897,11151,11152,5,6],"class_list":{"0":"post-24853","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"tag-bloomberg","9":"tag-lseg","10":"tag-marketaxess","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116487888744081050","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/24853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=24853"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/24853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/24854"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=24853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=24853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=24853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}