FCA outlines benefits of new data collection platform RegData

Regulatory Updates | 24/11/20

The Financial Conduct Authority (FCA) has issued a press release outlining the benefits of its new data collection platform RegData, which will replace Gabriel. The three key areas in which the FCA has made initial enhancements in RegData are:
• accessing the system – speed of the system and support when accessing Gabriel;
• viewing reporting schedules – improvements to the layout of a firm’s schedule and submission history; and
• submitting data – better guidelines when making data submissions and enhancements to the data validation feature.

The FCA is moving firms and users to RegData in groups to minimise the impact of the transition on firms. Firms’ moving dates are determined by their reporting requirements. All users must register for RegData ahead of their move by logging in to Gabriel and completing the one-time registration.