Bloomberg Data Reporting Services Limited (BDRSL) has secured authorisation, effective 3 January 2018, from the UK Financial Conduct Authority (FCA) for its Approved Publication Arrangement (APA). Under MiFID II, investment firms trading OTC, including systematic internalisers, are required to make public through an APA certain transaction information. As a component of Bloomberg's pre-integrated MiFID II solution, Bloomberg's APA will allow the seamless publication of required trade details when MiFID II goes into force. "APA authorisation is a critical component of our regulatory reporting service that not only enables our clients to meet trade transparency reporting requirements, but also transaction reporting, best execution and trade archiving requirements through our fully integrated regulatory hub," says Ben Macdonald (pictured), Bloomberg's Global Head of Enterprise Products.