FCA and PRA to Move to New Data Collection Platform as Planned
FCA published guidance outlining a series of mandatory steps to register for the new data collection platform that replaces the existing platform GABRIEL. From April 02, 2020, all GABRIEL users will be asked to complete a mandatory one-time registration activity next time they log in to GABRIEL. Later this year, both FCA and PRA will be moving to the new data collection platform, which is expected to improve how these authorities collect data from firms.
FCA states that it understands that this is a difficult time for firms dealing with the impact of COVID-19. However, given that the registration process is a simple but key step toward the preparation to move to the new data collection platform, FCA is moving forward as planned. The moving date for the new platform will be notified in advance.
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Keywords: Europe, UK, Banking, Insurance, Securities, Gabriel, Data Collection, Reporting, FCA, PRA
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