SSDA has accounted for some cost calculations on transaction reporting in a letter to the FSA dated 2006-10-24. The calculations are not all comprehensive but rather examples from some member firms of the cost estimated for implementation of requirements suggested by the FSA that are superequivalent (i.e. above the basic requirements of MiFID).
Such extra requirements refers to client identification, more categories of the capacity in which the firm has executed an order, own account numbers for non-professional clients, transaction venue reference number, reporting of OTC derivatives on listed underlyings and, asset manager reporting.
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