FCA completes transfer of reporting firms to RegData
The UK Financial Conduct Authority (FCA) confirms that RegData has replaced Gabriel as its data collection platform, with the last group of firms now moved across.
The regulator has completed the move of 52,000 firms and 120,000 users from Gabriel to RegData. The transition began in October 2020. The FCA moved firms and their users to RegData in groups, based on their reporting requirements.
RegData is central to the FCA Data Strategy which will harness the power of data and advanced analytics to transform financial regulation.
RegData is informed by user feedback and is faster to navigate and easier to use. New technical packs are available for those firms who require alternative submission methods such as the Direct Submission Gateway and the Secure File Transfer Protocol.
The changes the FCA has made to its platform are technology focused. This has not changed the way firms currently provide data to the regulator and data items and relevant forms have not changed as a result of the move from Gabriel to RegData.
RegData is built with flexible technology, making it possible to fix issues quickly and to make ongoing improvements to user experience.