Featured Product

    FCA to Move Firms to RegData, the New Data Collection Platform

    June 22, 2020

    FCA announced that the new data collection platform RegData will replace Gabriel. FCA is preparing to gradually move firms to this new data collection platform. FCA outlined the required actions for firms before they are moved to RegData. The moving dates of firms moving dates will be determined by the nature of their reporting obligations and reporting schedules. PRA firms are not expected to migrate to the new system for submission of returns until 2021.

    Firms will not be able to access RegData until their and their users’ data have been moved from Gabriel. The principal user and associated users of firms should receive an e-mail three weeks before the moving date. Compliance consultants will receive reminders for every firm their user account is associated with in Gabriel. In advance of the moving date, FCA has requested firms to check that they have:

    • Up-to-date contact details in Gabriel
    • Nominated the correct principal user and assigned administrator rights correctly in Gabriel
    • Accurate information in Gabriel about all other active users—with any non-active users having been disabled

    Firms should continue to use Gabriel, using their existing Gabriel login details, until their firm has been moved to the new platform. Users that have not registered yet will still be able to do so when they next log in to Gabriel. There will be no change to the way firms provide data to FCA. Based on the feedback from Gabriel users, FCA has made a number of improvements. RegData will be faster and more accessible, the system will be able to send notifications for multiple users, and the reporting schedules will be more user friendly. RegData saves a the user progress in data items automatically every 2 minutes and includes useful help text throughout the platform. The data times to be submitted by firms will not change in the new platform and the data reference guides that have been published for Gabriel will remain the same for RegData.

     

    Related Links

    Keywords: Europe, UK, Banking, Securities, Insurance, Gabriel, RegData, Reporting, Statistical Reporting, Data Collection Program, FCA, PRA

    Featured Experts
    Related Articles
    News

    US Agencies Issue Regulatory Updates, FDIC Launches Tech Sprint

    The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.

    January 13, 2022 WebPage Regulatory News
    News

    EBA Issues Guide on Bank Resolvability, Consults on Transferability

    The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).

    January 13, 2022 WebPage Regulatory News
    News

    HKMA Extends Repayment for Trade Facilities, Consults on Crypto-Assets

    The Hong Kong Monetary Authority (HKMA) published a circular, along with the reporting form and instructions, for self-assessment, by authorized institutions, of compliance with the Code of Banking Practice 2021.

    January 12, 2022 WebPage Regulatory News
    News

    FCA Registers Securitization Repositories; PRA Issues 2022 Priorities

    The Financial Conduct Authority (FCA) decided to register European DataWarehouse Ltd and SecRep Limited as securitization repositories under the UK Securitization Regulation, with effect from January 17, 2022.

    January 12, 2022 WebPage Regulatory News
    News

    EC Regulation Sets Out Methods for Measuring K-Factors Under IFR

    The European Commission (EC) published the Delegated Regulation 2022/25, which supplements the Investment Firms Regulation (IFR or Regulation 2019/2033) with respect to the regulatory technical standards specifying the methods for measuring the K-factors referred to in Article 15 of the IFR.

    January 11, 2022 WebPage Regulatory News
    News

    BIS Studies How Platform Models Impact Financial Stability & Inclusion

    The Bank of International Settlements (BIS) published a paper that assesses the ways in which platform-based business models can affect financial inclusion, competition, financial stability and consumer protection.

    January 10, 2022 WebPage Regulatory News
    News

    ESAs Publish List of Financial Conglomerates for 2021

    The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021.

    January 07, 2022 WebPage Regulatory News
    News

    APRA Licenses Two More Banks, Reduces Committed Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) updated the list of authorized deposit-taking institutions, granting license to Barclays Bank PLC and Crédit Agricole Corporate and Investment Bank to operate as foreign authorized deposit-taking institutions under the Banking Act 1959.

    January 07, 2022 WebPage Regulatory News
    News

    EU Issues SII Corrigendum; EIOPA Assesses SII Reporting Exemptions

    EU published, in the Official Journal of the European Union, a corrigendum to the Delegated Regulation 2015/35, which supplements Solvency II Directive (2009/138/EC).

    January 06, 2022 WebPage Regulatory News
    News

    EBA Opines on Impact of De-Risking and Associated AML/CFT Challenges

    The European Banking Authority (EBA) published an Opinion on the scale and impact of de-risking in European Union and the steps that competent authorities should take to tackle unwarranted de-risking.

    January 05, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 7860