Since October the FCA has been moving firms across from Gabriel to the new data collection platform, RegData. The move to RegData is happening in stages. At time of writing, 22% of firms have been moved.
To prepare for the move, each Gabriel user needs to register for RegData before their planned moving date, by logging in to Gabriel and completing a one-time activity to link their Gabriel account to their Connect account.
All users are required to have completed the registration by 10pm on the Friday before the firm’s planned moving date. If registration is incomplete the FCA will not be able to move the firm from Gabriel to RegData. Firms will receive an email to communicate their planned moving date 3 weeks before the date, with reminders 5 days and 1 day to go.
Unsure whether you have already registered? Simply login to Gabriel and, if you are not prompted to register for RegData, that means you have already registered. For anyone not already registered, 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 them when using the platform.
Gig Review!
Lisa Cross Compliance FCA, Mortgage, PI, Switch
Well, sort of. OK, this is another Consumer Duty themed article but, following our attendance at the FCA’s Live and Local events (which we recommend you attend if you haven’t done so already), we thought we’d share our experience and highlight the main points that the regulator appears to be placing specific emphasis […]