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