FCA to Begin to Move Firms to New Data Collection Platform RegData
FCA announced that it will move firms to RegData from Gabriel in the coming months in stages, based on the reporting requirements of firms. The first set of firms is scheduled to be moved to RegData during October 17-18, 2020. RegData is the new data collection platform of FCA that is slated to replace Gabriel.
As per the announcement, all 52,000 firms will receive direct e-mails from Gabriel advising them of their moving date. These emails will be sent to firms three weeks, five days, and one day before they move to RegData. Compliance consultants will receive reminders for every firm their user account is currently associated with in Gabriel. Firms will not be able to access RegData until they and their user data have been moved across from Gabriel. Until then, they should continue to report via Gabriel, using their existing Gabriel login details.
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Keywords: Europe, UK, Banking, Securities, Insurance, RegData, Gabriel, Reporting, Data Collection Platform, FCA
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