Reference Case Number: FOI11894
Freedom of Information: Right to know request:
A statistical breakdown of all MDP rejection codes for MIFID RTS22 Transaction Report rejections for 2024.
FCA response:
The requested information is set out below. Please note:
- In September 2023, we disabled the transaction reporting validation rules CON-610 and CON-640, as per our supervisory statement, which can be found here[1].
- The error code regarding the 5-year rule, as referred to in your request, is CON-281.
- The MDP rejection codes shown below are for RTS 22 transaction reports submitted to the FCA in 2024 (up to 13/12/2024).
- The following list only includes error codes where a transaction report submitted in 2024 has received that error code. A full list of error codes and further information on each code is publicly available and can be found here[2].
| Error code | 2024 |
|---|---|
| CON-023 | 4.25% |
| CON-024 | 18.37% |
| CON-025 | 2.73% |
| CON-030 | 0.00% |
| CON-040 | 0.15% |
| CON-041 | 0.00% |
| CON-060 | 0.00% |
| CON-070 | 0.03% |
| CON-071 | 0.00% |
| CON-072 | 0.01% |
| CON-073 | 0.00% |
| CON-120 | 0.02% |
| CON-160 | 0.03% |
| CON-162 | 0.01% |
| CON-163 | 0.00% |
| CON-170 | 0.00% |
| CON-210 | 0.00% |
| CON-211 | 0.00% |
| CON-260 | 0.02% |
| CON-270 | 0.00% |
| CON-280 | 0.00% |
| CON-281 | 0.55% |
| CON-290 | 0.00% |
| CON-310 | 0.00% |
| CON-331 | 0.01% |
| CON-340 | 0.00% |
| CON-351 | 0.40% |
| CON-360 | 0.00% |
| CON-361 | 0.86% |
| CON-370 | 0.03% |
| CON-381 | 0.00% |
| CON-410 | 0.00% |
| CON-411 | 0.08% |
| CON-412 | 60.69% |
| CON-430 | 0.10% |
| CON-470 | 0.00% |
| CON-471 | 0.01% |
| CON-472 | 11.62% |
| CON-473 | 0.01% |
| CON-480 | 0.00% |
| CON-481 | 0.00% |
| CON-511 | 0.00% |
| CON-542 | 0.00% |
| CON-552 | 0.01% |
| CON-570 | 0.00% |
| CON-571 | 0.00% |
| CON-572 | 0.00% |
| CON-573 | 0.00% |
| CON-574 | 0.00% |
| CON-590 | 0.00% |
| CON-591 | 0.01% |