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

    EBA Guide to Monitor Threshold for Intermediate Parent Undertakings

    The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).

    July 28, 2021 WebPage Regulatory News
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    ESMA Group Issues Recommendations on RFR Switch in Interdealer Market

    The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.

    July 26, 2021 WebPage Regulatory News
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    EIOPA Consults on Reporting and Disclosures Under Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) proposed to amend the supervisory statement on supervision of run-off undertakings that are subject to Solvency II regulation.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7295