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.
Consumer Duty starts to take hold
Lisa Cross Compliance
Consumer Duty rules will take full effect from 31 July 2023. However, it is starting to show its face already. This message is now appearing on Connect in some circumstances. “The majority of firm types that need to apply for authorisation or existing firms seeking to vary their permissions will need to comply with […]