Reporting is one of the most demanding parts of regulation. At PPL we help businesses navigate through the FCA’s requirements and react quickly to changing measures.
Last week it was announced that the FCA will begin working to transform how data is collected from the UK financial sector, in an attempt to improve the quality of data that they receive and reduce the burden on firms.
The three key areas of focus are:
- Integrating reporting to increase consistency in designing and delivering collections for value, reuse, and efficiency.
- Modernising reporting instructions to improve how data is interpreted and implemented by firms.
- Defining and adopting common data standards that identify and describe data in a consistent way. These should be open and accessible for use by everyone.
The way your business reports to the FCA is changing. Get in touch with our expert team today to discuss what, when and how you should be reporting. Contact us on 01274 921234
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