FCA's data reporting cuts: 'A start but fairly low hanging fruit'

On 16 April, the regulator revealed that it would be opening a consultation to remove three data collections in a bid to "reduce burden and unlock economic growth". The FCA said it has identified three regular returns as viable for decommissioning: Form G: The Retail Investment Adviser Complaints Notifications Form; FSA039: Client Money and Assets; and Section F RMAR. This comes after the FCA shared its five-year strategy, in which it set out that it will "retire" over 100 pages of rules underpinning the consumer finance, investments and mortgage sectors following "clear feedback from...