GABRIEL – Changes to Regulatory Returns
The FCA have updated their Gabriel (online regulatory returns portal) webpage in December 2015, to give details of a number of key changes made to the periodic submissions requirements for regulated firms. Some of the changes are summarized below:
- New data items as a result of the Mortgage Credit Directive. These will be added to firm schedules from March 2016 (second charge firms should note the changes as they apply to them for the first time post MCD implementation);
- New data items to collect recovery and resolution plans in accordance with the FCA’s policy statement, PS15/2, on implementing the Bank Recovery and Resolution Directive (these do not apply to non-bank lenders);
- A new data item to collect remuneration benchmarking information in accordance with section 16.17 of the Supervision manual;
- Improvements to the resubmission process. Items will now appear on firms’ schedules for reporting as soon as the firm has submitted its request.
Version 33 of the FCA’s GABRIEL data reference guide: change log, dated 1 December 2015, gives more information on the data item-related changes that have been made.