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

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    July 08, 2020 WebPage Regulatory News
    News

    PRA Statement on Application of Matching Adjustment Amid Crisis

    PRA published a statement to insurers that clarifies the approach to application of the matching adjustment during COVID-19 crisis.

    July 07, 2020 WebPage Regulatory News
    News

    EBA Provides Clarity on Implementation of Certain COVID-19 Policies

    EBA published a report on the implementation of selected COVID-19 policies within the prudential framework for banking sector.

    July 07, 2020 WebPage Regulatory News
    News

    EC Consults on Revision of Network and Information Systems Directive

    EC launched a consultation to revise the network and information systems (NIS) Directive (2016/1148), which was adopted in July 2016 and is the first horizontal internal market instrument aimed at improving the resilience of the EU against cybersecurity risks.

    July 07, 2020 WebPage Regulatory News
    News

    PRA Statement on LIBOR Transition and PRA Resolution-Related Rules

    PRA published a statement that outlines its view on the implications of LIBOR transition for contracts in scope of the “Contractual Recognition of Bail-In” and “Stay in Resolution” parts of the PRA Rulebook.

    July 07, 2020 WebPage Regulatory News
    News

    PRA Issues Updates to Pillar 2A Capital Framework in UK

    PRA published the policy statement PS15/20 to reflect additional resilience associated with higher macro-prudential buffers in a standard risk environment with a reduction in Pillar 2A capital requirements.

    July 06, 2020 WebPage Regulatory News
    News

    BCBS Report Examines Progress on Adoption of Basel III Framework

    BCBS published the eighteenth progress report on implementation of the Basel III regulatory framework in member jurisdictions.

    July 06, 2020 WebPage Regulatory News
    News

    FCA Proposes Guidance to Further Support Consumer Credit Customers

    FCA announced proposals that would provide continued support for certain consumer credit products to users, who are facing a financial impact because of the exceptional circumstances arising from the COVID-19 pandemic.

    July 03, 2020 WebPage Regulatory News
    News

    ACPR Publishes Draft of Taxonomy RAN 1.4.0 for Solvency II Reporting

    ACPR published a draft version of taxonomy RAN 1.4.0_PWD1, along with the related documentation, for Solvency II reporting.

    July 03, 2020 WebPage Regulatory News
    News

    BCBS Amends Guidelines on Sound Management of AML/CFT Risks

    BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).

    July 02, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5445