How long will it take to receive the FSA response file back?
Please note there will be a lag between submission of reports to TRS and receipt of any FSA rejection responses. Firms can expect to see TRS rejection response files first and after a period the FSA rejection response files will follow. This due to two reasons, firstly time is required for both TRS to forward the transactions to the FSA system and for the FSA system to process the transactions. Secondly, the FSA provides TRS with submission slots in which it can submit transaction reports. These slots are currently under review to help reduce the lag between submission and receipt of response files from the FSA. Therefore, we recommend regular polling for rejection files is scheduled by your firm. In addition, please note that no FSA rejection response files are generated for files where no errors were identified by the FSA system.
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