Ever-increasing RegData reporting requirements for financial advisers

'We are now dealing with a ‘data-led' regulator'

clock • 4 min read

Alexander McGregor and Kris Armstrong share their insight on current regulatory reporting requirements for advisers...

Over the past few years, we have seen a significant increase in regulatory reporting for financial advice firms. Historically, the main focus for intermediary firm reporting was a six-monthly RegData (formerly ‘Gabriel') return.  Now intermediary firms must diarise, understand, complete, and submit a series of returns punctuated throughout the year.  We are now dealing with a ‘data-led' regulator. However, a data-led approach is only possible if the regulator has the necessary data to analyse and support its actions. We expect regulatory reporting and RegData submissions to be central to...

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