In some cases, when a transaction has been approved and sent for transaction reporting to a regulatory body (e.g. The FSA via the ARM or directly), the transaction can still be “Rejected” and sent back from the ARM or FSA. When this happens, this can be termed as a “Reject”. DataBioSys provides an interface which can be used to manage handle Rejected transactions which give clients the chance to monitor the entire process and understand why the transaction(s) was rejected.
Clients also have the facility to re-submit rejected transactions for re-reporting to the regulatory body after they have been investigated and the client finds is suitable for reporting.