The Financial Conduct Authority is preparing to gradually move firms across to its new data collection platform, RegData, which will replace the Gabriel system.
Regulated firms’ moving dates will be determined by the nature of their reporting obligations and reporting schedules. Yesterday the FCA unveiled the name of the new system and announced that it will email firms’ principal user and associated users three weeks before their moving date, with reminders five days and one day to go.
RegData is part of the FCA’s Data Strategy The new system will be faster, more accessible and will be able to send notifications for multiple users. The reporting schedules will also be more user friendly.
