On January 6, the UK Financial Services Authority (FSA) published Quarterly Consultation No 19 (CP09/2), which proposes amendments to Chapter 16 of the FSA’s Supervision manual (SUP) relating to Integrated Regulatory Reporting requirements.
The proposed amendments follow enquiries and requests for clarification made to the FSA on its new reporting system known as “GABRIEL”. The enquiries and requests identified some inconsistencies and duplications which the FSA now wishes to resolve. The proposed amendments affect the following provisions: (i) various rules and guidance set out at SUP 16.12.1R to SUP 16.12.33R; and (ii) SUP 16 Annex 24R (reporting forms) and SUP 16 Annex 25G (guidance on completing the forms).
The deadline for comments is March 6.