The FCA has made some changes to the GABRIEL returns for firms with reporting periods ending on or after 31 December 2016.
The updated forms relevant to the majority of ATEB firms are minor changes to CCR003, RMA K and more major changes to RMA G. There is a significant increase in the information required for ‘RMA G Training and Competence’ for example it now includes the Professional Standards Data Return (PSDR) information.
This does mean the PSDR is no longer required after January 2017 submissions as the information will need to be provided in every GABRIEL submission.
At the time of writing the SUP 16 Annex 18 pages and FAQs have been updated to reflect the changes but it looks like the ‘Help text’ has not.
The FAQs can be accessed here and SUP 16 Annex 18 b can be accessed here.
FCA provide guidance on SMF16/17 appointments
Richard Foster Compliance FCA, ML, PI, training
Firms should have heads of compliance and money laundering reporting officers (MLROs) who are suitably competent and capable of effectively performing the roles. It is appropriate to carefully consider how individuals can demonstrate this ahead of seeking regulatory approval. The FCA have recently issued guidance which should help firms decide if an individual candidate is […]