The Financial Conduct Authority has replaced its data reporting system replacement for Gabriel, called RegData.
The regulator has outlined everything financial firms need to do ahead of their switches to the new reporting system. It said firms would be moved in stages and that they must: make sure they have up-to-date contact details in Gabriel beforehand; have the correct nominated principal user and assigned administer rights; and have accurate information about all users, with non-active users disabled in the software. Firms will be contacted directly by the FCA ahead of their move to the new system, the watchdog said, and businesses should use Gabriel as normal until they are moved to RegDa...
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