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FCA event, April 2020 – registration for new data collection platform

FCA event, April 2020 – registration for new data collection platform

Background

Currently, the Financial Conduct Authority (FCA) uses Gabriel as its online system for collecting and storing regulatory data from firms.

Gabriel is used by firms for tasks such as to submit regulatory data, view reporting requirements and view all regulatory submissions.

The FCA will soon be moving to a new data collection platform which will replace Gabriel.

Impact

To prepare for the move to the FCA’s new data collection platform, from 2 April 2020, Gabriel users will be asked to complete a mandatory one-time registration activity the next time that the user logs in to Gabriel.

This will create an account for the new platform that will link with that firm’s Connect account and will require the same login credentials as the user currently uses to log into Connect

Connect is the FCA’s system for notifications and authorisations.

The FCA website contains more information for firms about how to register for the new data collection platform.  Here is the FCA’s link: registering for our new data collection platform.

The FCA reminds all firms that, although the UK has left the EU, EU law continues to apply until the end of the transition period agreed under the Withdrawal Agreement between the UK and the EU.  The FCA asks firms to complete all forms as previously until further notice.

Connect is our system for notifications and authorisations.

The FCA remains confident that the registration process is simple and important so there is no delay planned while firms continue to deal with the impact of coronavirus (covid-19).

Timeline with relevant dates to be logged on regulatory calendar

  • Registration for the new data collection portal opened on 2 April 2020

Next steps

  • All firms and users of Gabriel need to register for the new data collection portal as explained in the FCA’s guidance notes.

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