How do we transaction report cancellations and updates to transactions that have been sent to ARMs in Aii format before Aii implementation?
Some ARMs have been able to accept Aii format transaction reports for some time but have not sent them on to the FSA. Any firms that have been sending Aii reports to these ARMs will not be able to cancel or update them after Aii is implemented. Any such cancellations or updates will be rejected by Zen. Re-reporting of these rejected transactions is not required. N.B. Firms must consult with their ARMs regarding the exact date they implement Aii processing which may be any time between 8th August and 13th November.
Related Questions
- Zen implementation, what is the procedure for cancellation or amendment of a transaction report submitted prior to Zen implementation (i.e. prior to 8 Aug)?
- How do we transaction report cancellations and updates to transactions reported under the voluntary arrangements?
- When will we be able to test the submission of transaction reports in the new format before Zen implementation?
