Back in June, we wrote with early information on RegData, the FCA’s replacement for Gabriel. The first firms will soon be moving across from Gabriel.
All 52,000 firms that provide regular regulatory submissions in Gabriel will need to use RegData in the future. The FCA is moving firms and their users to RegData in stages, based on their reporting requirements.
To prepare for the move, the FCA has set out the key steps firms will go through as they move to RegData, as well as a range of online resources to guide firms when using the platform.
Every Gabriel user will receive 3 direct email reminders from Gabriel advising them of their firm’s moving date – 3 weeks, 5 days and 1 day before their move. Firms should continue to use Gabriel as normal until they are moved to RegData.
Have you advised on British Steel pension transfers? Action required!
Paul Jay Compliance 2016, 2018, FCA, Pension, Pension Transfer, protection, transfer
Firms who have advised clients to transfer away from the British Steel Pension Scheme (BSPS) should be well acquainted with the content of PS22/14 by now … … but some don’t seem to be aware that they need to have completed some key activity for clients in scope of the redress scheme. The BSPS […]