Avoiding the internet not an option under CP 198

Professional Adviser
clock

Proposals in the FSA's Consultation Paper 198 mandating electronic reporting for all regulated busin...

Proposals in the FSA's Consultation Paper 198 mandating electronic reporting for all regulated businesses, including reporting of complaints data, will force all remaining regulated and unregulated intermediaries to brush up on their internet skills. CP 198 Regulatory Reporting – A New Integrated Approach proposes mandatory electronic reporting for all regulated firms by 2007. The new rules will implement XML and XBRL document standards, indicating that the reporting process will be completely online-based. The imposition of electronic reporting will force some sectors...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •